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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
5. (29 points) Eric receives utility from days spent traveling on vacation domestically (D)and days spent traveling in a foreign country (F) as given by the utility U(D, F) = DF.The price of a day spent traveling domestically is $160 and in a foreign country $200.Eric’s annual budget for traveling is $8,000.(a) (5 points) Find Eric’s utility maximizing choice of days traveling domesticallyand in a foreign country. Find also his utility level from consuming that bundle
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