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Question 6 (20 points). Assume a representative UGA student has the following utility function U=x02yas, where x represe
Posted: Mon Jul 11, 2022 11:08 am
by answerhappygod
- Question 6 20 Points Assume A Representative Uga Student Has The Following Utility Function U X02yas Where X Represe 1 (20.5 KiB) Viewed 44 times
Question 6 (20 points). Assume a representative UGA student has the following utility function U=x02yas, where x represents the number six packs of beer consumed, and y represents the aggregated consumption of all other goods. If the average students have a weekly income of $200. And the price p.= $6 and py=$1 (1) Find the quantities of x and y to maximize his utility (2) What would be the optimal utility?