My utility over goods 1 and 2 is given by: u(x1, x) = xx/2 Where is...

 

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My utility over goods 1 and 2 is given by: u(x1, x₂) = xx²/2 Where is the quantity of good 1 I consume and 2 is the quantity of good 2 I consume. Assuming I purchase only goods 1 and 2... If a = 10, b = 3, the price of good 1 is $9/unit, the price of good 2 if $9/unit and my income is $843, how much good 2 will I consume to maximize my utility? (Note: The answer may not be a whole number, so round your answer to the nearest hundredth) (Note: The numbers may change between questions, so read carefully) My utility over goods 1 and 2 is given by: u(x1, x₂) = xx²/2 Where is the quantity of good 1 I consume and 2 is the quantity of good 2 I consume. Assuming I purchase only goods 1 and 2... If a = 10, b = 3, the price of good 1 is $9/unit, the price of good 2 if $9/unit and my income is $843, how much good 2 will I consume to maximize my utility? (Note: The answer may not be a whole number, so round your answer to the nearest hundredth) (Note: The numbers may change between questions, so read carefully)

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Maximise uxx xx x10x3 M 9x 9x2 8... View the full answer