The utility function and the prices are the following: U =min{ 82 x1, 77 x2} P1-83, P2=39 and I =4760 What is the amount of maximized utility? Selected Answer: Correct Answer: [None Given] 3,134.28 ± 5%
The utility function and the prices are the following: U =min{ 82 x1, 77 x2} P1-83, P2=39 and I =4760 What is the amount of maximized utility? Selected Answer: Correct Answer: [None Given] 3,134.28 ± 5%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Give only typing answer with explanation and conclusion
![The utility function and the prices are the following:
X
U=min{ 82 x1,77 x2}
P1-83, P2-39 and 1 =4760
What is the amount of maximized utility?
Selected Answer:
Correct Answer:
[None Given]
3,134.28 ± 5%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F14ddd642-c87c-4262-8503-00ab1256e638%2Fdda0af94-4254-4afa-8a7a-11ed611af520%2Fl17p27k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The utility function and the prices are the following:
X
U=min{ 82 x1,77 x2}
P1-83, P2-39 and 1 =4760
What is the amount of maximized utility?
Selected Answer:
Correct Answer:
[None Given]
3,134.28 ± 5%
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