ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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0.6 0.4
two
3.1 Manuel has the following utility U(4,9₂) = 34, 92 For what values of q, and q, do the
marginal utilities equal 0 ? Is that a maximum or a minimum? Which combination of q, and q, provides
him with the maximum level of utility? 3.2 Now suppose prices are p₁ = 5 and p₂ = 10 and that Manuel has
$100. Write Manuel's budget constraint and graph it with q, in the.x-axis. What is the slope? And the
intercept? What is the maximum amount of q, he can purchase? And the maximum amount of q, he can
purchase?
3.1 Manuel has the following utility U(91.72) =3924. For what values of 91 and 92 do the two marginal utilities
equal 0? Is that a maximum or a minimum? Which combination of q₁ and 92 provides him with the maximum
level of utility?
3.2 Now suppose prices are p₁= 5 and p2 = 10 and that Manuel has $100. Write Manuel's budget constraint and
graph it with q₁ in the x-axis. What is the slope? And the intercept? What is the maximum amount of q₁ he can
purchase? And the maximum amount of q2 he can purchase?
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Transcribed Image Text:0.6 0.4 two 3.1 Manuel has the following utility U(4,9₂) = 34, 92 For what values of q, and q, do the marginal utilities equal 0 ? Is that a maximum or a minimum? Which combination of q, and q, provides him with the maximum level of utility? 3.2 Now suppose prices are p₁ = 5 and p₂ = 10 and that Manuel has $100. Write Manuel's budget constraint and graph it with q, in the.x-axis. What is the slope? And the intercept? What is the maximum amount of q, he can purchase? And the maximum amount of q, he can purchase? 3.1 Manuel has the following utility U(91.72) =3924. For what values of 91 and 92 do the two marginal utilities equal 0? Is that a maximum or a minimum? Which combination of q₁ and 92 provides him with the maximum level of utility? 3.2 Now suppose prices are p₁= 5 and p2 = 10 and that Manuel has $100. Write Manuel's budget constraint and graph it with q₁ in the x-axis. What is the slope? And the intercept? What is the maximum amount of q₁ he can purchase? And the maximum amount of q2 he can purchase?
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