Find the point (x,y) that solves the following problem:11In x +–In y s.t. PxX + pyY = m2и(х, у) -31 т1 тA. x =2 рх2 ру2 т1 тB. x=3px4ру2 т3 тС. х%3D5 рx5 ру1 тD. х-2 тy =3 рх3 ру

Given; Utility function; u(x,y)=12In x+13In y Pxx+PYy=m MUx=12×1x =12x MUy=13×1y =13y

Find the point (x,y) that solves the following problem: 1 1 u(х, у) — — In x +-In y s.t. PxX + руҮ — т 3 1 т A. x=: 1 т v = 2 рх ру 2 т 1 т B. x= 3 рх ру 3 т C. x= 2 т px 5 ру 1 m y 3 рх m D. х 3 3 ру ||

Find the point (x,y) that solves the following problem: 1 1 u(х, у) — — In x +-In y s.t. PxX + руҮ — т 3 1 т A. x=: 1 т v = 2 рх ру 2 т 1 т B. x= 3 рх ру 3 т C. x= 2 т px 5 ру 1 m y 3 рх m D. х 3 3 ру ||

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Find the point (x,y) that solves the following problem:
1
1
In x +–In y s.t. PxX + pyY = m
2
и(х, у) -
3
1 т
1 т
A. x =
2 рх
2 ру
2 т
1 т
B. x=
3
px
4
ру
2 т
3 т
С. х%3D
5 рx
5 ру
1 т
D. х-
2 т
y =
3 рх
3 ру

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