Ali has a utility function u(x, y) = 5lnx + 2lny. Consider that the price of x is 100 TL, the price of y is 40 TL and mo

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Ali has a utility function u(x, y) = 5lnx + 2lny. Consider that the price of x is 100 TL, the price of y is 40 TL and mo

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Ali Has A Utility Function U X Y 5lnx 2lny Consider That The Price Of X Is 100 Tl The Price Of Y Is 40 Tl And Mo 1
Ali Has A Utility Function U X Y 5lnx 2lny Consider That The Price Of X Is 100 Tl The Price Of Y Is 40 Tl And Mo 1 (296.86 KiB) Viewed 28 times
Ali has a utility function u(x, y) = 5lnx + 2lny. Consider that the price of x is 100 TL, the price of y is 40 TL and monthly income is 1400 TL. Mehmet uses all of his income each month to purchase x and y. Solve the constraint optimization problem and find x*. Answer:
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