Solved: Where x is his consumption of cds with a price of 1 and y, Microeconomics

+44 141 628 6080
[email protected]

Where x is his consumption of cds with a price of 1 and y

Maurice has the following utility function:

u(X, Y) = 20X + 80Y - x2 - 2y2

where X is his consumption of CDs with a price of $1 and Y is his consumption of movie videos, with a rental price of $2.He plans to spend $41 on both forms of entertainment. Determine the number of CDs and video rentals that will maximize Maurice"s utility.

Solution Preview :

Prepared by a verified Expert

Microeconomics: Where x is his consumption of cds with a price of 1 and y

Reference No:- TGS0660305

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : How many moles of h came out of the column c how many moles

How many moles of H^+ came out of the column? c.) How many moles of Ag^+ were trapped by the column? d.) How many moles of Ag^+ came out of (i.e. were eluted from) the column

Q : The emissivity of tungsten is 035 a tungsten sphere of

The emissivity of tungsten is 0.35. A tungsten sphere of radius 1.5 cm is suspended within a large evacuated enclosure whose walls are at 300 K. What power input is required to maintain the sphere at a temperature of 3000 K

Q : The hydrogen atom can absorb light of wavelength 2626 nm a

The hydrogen atom can absorb light of wavelength 2626 nm. (a) In what region of the electromagnetic spectrum is this absorption found? (b) Determine the initial and final values of n associated with this absorption. initial

Q : A2490 kg block of ice at 0c is placed in a large lake the

A 249.0 kg block of ice at 0*C is placed in a large lake. The temperature of the lake is just slightly higher than 0*C, and the ice melts. What is the entropy change of the ice

Q : Where x is his consumption of cds with a price of 1 and y

Q : Find the work done by an ideal engine which extracts 115000

Find the work done by an ideal engine which extracts 11500.0 J of heat from its hot reservoir while operating between 530.0 K and 310.0 K

Q : The work from the engine goes into an ideal refrigerator

The work from the engine goes into an ideal refrigerator which extracts 5900.0 J of heat from its cold reservoir. Find the coefficient of performance of the ideal refrigerator

Q : Explain why the industry supply curve is not the long run

Explain why the industry supply curve is not the long run industry marginal cost curve. 3. In long-run equilibrium, all firms in the industry earn zero economic profit. Why is this true?

Q : Calculate the ph at the points in the titration of 4000 ml

Calculate the pH at the points in the titration of 40.00 mL of 0.425 M NH3 for the reaction below. NH3(aq) + HNO3 ? NH4+(aq) + NO3?(aq) For NH3, Kb = 1.8x10-5.

1935681

Questions
Asked

3,689

Active Tutors

1453564

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Microeconomics: Where x is his consumption of cds with a price of 1 and y

Reference No:- TGS0660305

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : How many moles of h came out of the column c how many moles

Q : The emissivity of tungsten is 035 a tungsten sphere of

Q : The hydrogen atom can absorb light of wavelength 2626 nm a

Q : A2490 kg block of ice at 0c is placed in a large lake the

Q : Where x is his consumption of cds with a price of 1 and y

Q : Find the work done by an ideal engine which extracts 115000

Q : The work from the engine goes into an ideal refrigerator

Q : Explain why the industry supply curve is not the long run

Q : Calculate the ph at the points in the titration of 4000 ml

Investigate the cause of the recent werewolf attacks

Describe marxist theory and psychology of addiction

Explain framers decisions in creating the constitution

Federal bureaucracy has to put up with a lot of red tape

What power of recognition when it comes to office president

What right ordinance power give to the president

Analyze leadership of organization during particular event

Solution Preview :

Prepared by a verified Expert

Microeconomics: Where x is his consumption of cds with a price of 1 and y

Reference No:- TGS0660305

Recent Questions Asked Microeconomics

Q : How many moles of h came out of the column c how many moles

Q : The emissivity of tungsten is 035 a tungsten sphere of

Q : The hydrogen atom can absorb light of wavelength 2626 nm a

Q : A2490 kg block of ice at 0c is placed in a large lake the

Q : Where x is his consumption of cds with a price of 1 and y

Q : Find the work done by an ideal engine which extracts 115000

Q : The work from the engine goes into an ideal refrigerator

Q : Explain why the industry supply curve is not the long run

Q : Calculate the ph at the points in the titration of 4000 ml

Asked Questions