Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Dec 2017 My Price 4.00

consumption of cigars

On a given evening J.P. enjoys the consumption of cigars (C) and brandy (B) according to the function U(C,B) = 20C – C2 + 18B – 3B2 a. How many cigars and glasses of brandy does he consume during an evening (Cost is now object to J.P.)? b. Lately, however, J.P. has been advised by his doctors that he should limit the sum of brandy and cigars consumed to 5 per night. How many glasses of brandy and cigars will he consume now? 8. Suppose individuals require a certain level of food (X) to remain alive. Let this amount be given by Xo. Once Xo is purchased, individuals obtain utility from food and other goods (Y) of the form U(X,Y) = (X - Xo) aY b where a + b = 1. Show that if I > PxX the individual will maximize utility by spending a(I - PxXo) + Px Xo on good X and b(I - PxXo) on good Y.

 

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Maurice Tutor
(5)
Status NEW Posted 04 Dec 2017 09:12 PM My Price 4.00

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