Given the utility function of a consumer for the goods x and y, U = (x + 2)(y+ 1) and the prices of goods are P, = 4 TL and Pu = 6 TL while the consumer's budget is B= 130TL (Note: There are 5 questions in the test regarding the information given above) Which of the following is the bordered Hessian determinant of the above problem? O a. H =-48 O b. H 108 Oc. H = -108 O d. H = 48

Given the utility function of a consumer for the goods x and y, U = (x + 2)(y+ 1) and the prices of goods are P, = 4 TL and Pu = 6 TL while the consumer's budget is B= 130TL (Note: There are 5 questions in the test regarding the information given above) Which of the following is the bordered Hessian determinant of the above problem? O a. H =-48 O b. H 108 Oc. H = -108 O d. H = 48

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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