Utility Suppose your newspaper is trying to decide between two competing desktop publishing software packages, Macro Publish
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Utility Suppose your newspaper is trying to decide between two competing desktop publishing software packages, Macro Publish and Turbo Publish. You estimate that if you purchase x copies of Macro Publish and y copies of Turbo Publish, your company's daily productivity will be
U(x, y) = 6x 0.8 y 0.2 + x,
where U(x, y) is measured in pages per day (U is called a utility function). If x = y = 10, calculate the effect of increasing x by one unit, and interpret the result.
Related Book For
International Financial Management
ISBN: 978-0132162760
2nd edition
Authors: Geert Bekaert, Robert J. Hodrick
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