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QUESTION 1 Given the Budget of $1000 P of X=10 10 Q of X 0 10 20 30 40 .50 60 70 80 90 TU of X (10s) 0 100 180. 250 310 365 415 460 502.5 542.5 100 581.5 (Average) MU of X 0 10 8 7 6 5.5 5 4.5 4.25 4 3.9 MU/S of X 0 1 0.8 0.7 0.6 0.55 0.5 0.45 0.425 0.4 0.39 P of Y= 500 Q of Y 500 1 2 3 4 TU of Y 510 870 1195 1485 1730 MU of Y 0 510 360 325 290 245 MU/S of Y 1.02 0.72 0.65 0.58 0.49 The optimal consumption bundle: of X; of Y

QUESTION 1 Given the Budget of $1000 P of X=10 10 Q of X 0 10 20 30 40 .50 60 70 80 90 TU of X (10s) 0 100 180. 250 310 365 415 460 502.5 542.5 100 581.5 (Average) MU of X 0 10 8 7 6 5.5 5 4.5 4.25 4 3.9 MU/S of X 0 1 0.8 0.7 0.6 0.55 0.5 0.45 0.425 0.4 0.39 P of Y= 500 Q of Y 500 1 2 3 4 TU of Y 510 870 1195 1485 1730 MU of Y 0 510 360 325 290 245 MU/S of Y 1.02 0.72 0.65 0.58 0.49 The optimal consumption bundle: of X; of Y

ENGR.ECONOMIC ANALYSIS
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 1 Given the Budget of $1000 P of X = 10 10 Q of X TU of X (10s) (Average) MU of X MU/$ of X ooooo 0 10 20 30 40 .50 60 70 80 100 180 250 310 365 0 10 8 7 6 5.5 ២៦ 415 460 502.5 90 542.5 5 4.5 4.25 4 100 581.5 3.9 1 0.8 0.7 0.6 0.55 0.5 0.45 0.425 0.4 0.39 P of Y = 500 Q of Y TU of Y MU of Y MU/S of Y 500 0 1 2 3 5 510 870 1195 1485 1730 510 360 325 290 245 1.02 0.72 0.65 0.58 0.49 The optimal consumption bundle: of X; of Y
Transcribed Image Text:QUESTION 1 Given the Budget of $1000 P of X = 10 10 Q of X TU of X (10s) (Average) MU of X MU/$ of X ooooo 0 10 20 30 40 .50 60 70 80 100 180 250 310 365 0 10 8 7 6 5.5 ២៦ 415 460 502.5 90 542.5 5 4.5 4.25 4 100 581.5 3.9 1 0.8 0.7 0.6 0.55 0.5 0.45 0.425 0.4 0.39 P of Y = 500 Q of Y TU of Y MU of Y MU/S of Y 500 0 1 2 3 5 510 870 1195 1485 1730 510 360 325 290 245 1.02 0.72 0.65 0.58 0.49 The optimal consumption bundle: of X; of Y
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