2. What consumption value c maximizes the following utility functions respectively (each only consisting of one...

 

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2. What consumption value c maximizes the following utility functions respectively (each only consisting of one argument): U (c) = <= ac U (c) = aln(c) U (c) = y − (c— c)² U(c) = -B(cc)² U (c) = ac- B(c- c)² (1) (2) (3) (4) (5) 2. What consumption value c maximizes the following utility functions respectively (each only consisting of one argument): U (c) = <= ac U (c) = aln(c) U (c) = y − (c— c)² U(c) = -B(cc)² U (c) = ac- B(c- c)² (1) (2) (3) (4) (5)

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1 Uc ac we cannot maximise this as this function does not have maximum so c can be as large as we wa... View the full answer