What is the optimal choice when pı = 3, P2 = 5 and I = 20 and utility is (a) u(x1, x2) = min{2x1, x2} (b) u(x1, x2) = x}
Posted: Thu May 19, 2022 9:27 am
What is the optimal choice when pı = 3, P2 = 5 and I = 20 and utility is (a) u(x1, x2) = min{2x1, x2} (b) u(x1, x2) = x} + x3 = (c) u(x1, x2) = In(xi) + In(x2) = (d) u(x1, x2) = x x = (e) u(x1, x2) = -(x1 - 1)2 – (x2 - 1)2 =