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Description: Find the optimal levels of purchase x* and y* 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 P, = 6 TL while the consumer's budget isВ - 130TL||

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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 P, = 6 TL while the consumer's budget is В - 130TL ||

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Find the optimal levels of purchase x* and y*

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 P, = 6 TL while the consumer's budget is
В - 130TL
||

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