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    Mathematical Applications Study Set 1
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    Exam 15: Functions of Two or More Variables
  5. Question
    Suppose That the Utility Function for Two Commodities Is Given
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Suppose That the Utility Function for Two Commodities Is Given

Question 41

Question 41

Multiple Choice

Suppose that the utility function for two commodities is given by Suppose that the utility function for two commodities is given by   , and the budget constraint is   . Find the values of   and   that maximize utility. ​ A) The maximum is at   )  B) The maximum is at   )  C) The maximum is at   )  D) The maximum is at   )  E) The maximum is at   ) , and the budget constraint is Suppose that the utility function for two commodities is given by   , and the budget constraint is   . Find the values of   and   that maximize utility. ​ A) The maximum is at   )  B) The maximum is at   )  C) The maximum is at   )  D) The maximum is at   )  E) The maximum is at   ) . Find the values of Suppose that the utility function for two commodities is given by   , and the budget constraint is   . Find the values of   and   that maximize utility. ​ A) The maximum is at   )  B) The maximum is at   )  C) The maximum is at   )  D) The maximum is at   )  E) The maximum is at   ) and Suppose that the utility function for two commodities is given by   , and the budget constraint is   . Find the values of   and   that maximize utility. ​ A) The maximum is at   )  B) The maximum is at   )  C) The maximum is at   )  D) The maximum is at   )  E) The maximum is at   ) that maximize utility. ​


A) The maximum is at Suppose that the utility function for two commodities is given by   , and the budget constraint is   . Find the values of   and   that maximize utility. ​ A) The maximum is at   )  B) The maximum is at   )  C) The maximum is at   )  D) The maximum is at   )  E) The maximum is at   )
)
B) The maximum is at Suppose that the utility function for two commodities is given by   , and the budget constraint is   . Find the values of   and   that maximize utility. ​ A) The maximum is at   )  B) The maximum is at   )  C) The maximum is at   )  D) The maximum is at   )  E) The maximum is at   )
)
C) The maximum is at Suppose that the utility function for two commodities is given by   , and the budget constraint is   . Find the values of   and   that maximize utility. ​ A) The maximum is at   )  B) The maximum is at   )  C) The maximum is at   )  D) The maximum is at   )  E) The maximum is at   )
)
D) The maximum is at Suppose that the utility function for two commodities is given by   , and the budget constraint is   . Find the values of   and   that maximize utility. ​ A) The maximum is at   )  B) The maximum is at   )  C) The maximum is at   )  D) The maximum is at   )  E) The maximum is at   )
)
E) The maximum is at Suppose that the utility function for two commodities is given by   , and the budget constraint is   . Find the values of   and   that maximize utility. ​ A) The maximum is at   )  B) The maximum is at   )  C) The maximum is at   )  D) The maximum is at   )  E) The maximum is at   )
)

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