Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
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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 > Economics Posted 27 Jun 2018 My Price 2.00

Kathy's utility function

Kathy's utility function is U = 4X + 3Y. Kathy has $180 to spend on goods X and Y. The price of good X is $6 and the price of good Y is $4. To maximize utility, Kathy should consume units of good X and  units of good Y and will be receiving  utils of satisfaction. At this utility maximization point, MRS  Px/Py (enter one of the following symbols: > or < or =).

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Jun 2018 09:06 PM My Price 2.00

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