Principles of Economics
7th Edition
ISBN: 9781305156043
Author: N. Gregory Mankiw
Publisher: Cengage Learning US
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Chapter 22, Problem 6PA
Subpart (a):
To determine
Application of Borda count and Arrow’s impossibility theorem.
Subpart (b):
To determine
Application of Borda count and Arrow’s impossibility theorem.
Subpart (c):
To determine
Application of Borda count and Arrow’s impossibility theorem.
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Problema 4 (20 puntos):
Supongamos que tenemos un ingreso de $120 y enfrentamos
los precios P₁ =6 y P₂ =4. Nuestra función de utilidad es:
U(x1, x2) = x0.4x0.6
a) Planteen el problema de optimización y obtengan las
condiciones de primer orden.
b) Encuentren el consumo óptimo de x1 y x2.
c) ¿Cómo cambiará nuestra elección óptima si el ingreso
aumenta a $180?
Please draw the graph for number 4 and 5, I appreciate it!!
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