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%

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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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%
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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