How did the '50' in the utility function influence the optimal con- sumption bundle? How did the '10' in the utility function influence the optimal consumption bundle? (i.e., how would the optimal bun- dle change if these coefficients were to change?). How would the optimal bundle change if the utility function was xžx2? Lastly, how

How did the '50' in the utility function influence the optimal con- sumption bundle? How did the '10' in the utility function influence the optimal consumption bundle? (i.e., how would the optimal bun- dle change if these coefficients were to change?). How would the optimal bundle change if the utility function was xžx2? Lastly, how

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

just answer the part e

notice that you can do part e without the answer of abcd.

How did the '50' in the utility function influence the optimal con-
sumption bundle? How did the '10' in the utility function influence
the optimal consumption bundle? (i.e., how would the optimal bun-
dle change if these coefficients were to change?). How would the
optimal bundle change if the utility function was xžx2? Lastly, how

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