In the era of the Covid 19 pandemic, we are required to consume lots of fresh fruits. The satisfaction of a consumer in consuming two kinds of fruit, namely Apples (X) and Oranges (Y) is: U = X3 Y2 income or budget to buy the two fruits is Rp. 250,000, the price of apples IDR 75,000/fruit and the price of oranges is IDR 25,000/fruit. a. How many apples and oranges must be obtained in order to achieve optimum satisfaction b. Calculate the optimum satisfaction value that can be achieved
In the era of the Covid 19 pandemic, we are required to consume lots of fresh fruits. The satisfaction of a consumer in consuming two kinds of fruit, namely Apples (X) and Oranges (Y) is: U = X3 Y2 income or budget to buy the two fruits is Rp. 250,000, the price of apples IDR 75,000/fruit and the price of oranges is IDR 25,000/fruit. a. How many apples and oranges must be obtained in order to achieve optimum satisfaction b. Calculate the optimum satisfaction value that can be achieved
Chapter1: Making Economics Decisions
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PROBLEM 2.
25% PARTIAL DIFFERENTIAL LAGRANGE OPTIMIZATION
In the era of the Covid 19 pandemic, we are required to consume lots of fresh fruits. The satisfaction of a consumer in consuming two kinds of fruit, namely Apples (X) and Oranges (Y) is: U = X3 Y2
income or budget to buy the two fruits is Rp. 250,000, the
IDR 75,000/fruit and the price of oranges is IDR 25,000/fruit.
a. How many apples and oranges must be obtained in order to achieve optimum satisfaction
b. Calculate the optimum satisfaction value that can be achieved
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