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Let's suppose that your preferences for yoga classes (₁) and spin classes (12) can be represented by the following utility function: 0.5 0.5 U= u(11.72) = 10x12 Further, let's suppose that you have a budget (I) of $120, one yoga class costs $15 (p1), and one spin class costs $20 (P₂) that is the optimal quantity of yoga classes? OCE 044

Let's suppose that your preferences for yoga classes (₁) and spin classes (12) can be represented by the following utility function: 0.5 0.5 U= u(11.72) = 10x12 Further, let's suppose that you have a budget (I) of $120, one yoga class costs $15 (p1), and one spin class costs $20 (P₂) that is the optimal quantity of yoga classes? OCE 044

Advanced Engineering Mathematics
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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estion 21 Let's 's suppose that your preferences for yoga classes (₁) and spin classes (2) can be represented by the following utility function: U= u(11,12)= 10x15 Further, let's suppose that you have a budget (I) of $120, one yoga class costs $15 (p1), and one spin class costs $20 (P2). What is the optimal quantity of yoga classes? A6 0b.3 OCH 04.4
Transcribed Image Text:estion 21 Let's 's suppose that your preferences for yoga classes (₁) and spin classes (2) can be represented by the following utility function: U= u(11,12)= 10x15 Further, let's suppose that you have a budget (I) of $120, one yoga class costs $15 (p1), and one spin class costs $20 (P2). What is the optimal quantity of yoga classes? A6 0b.3 OCH 04.4
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