Q.3   A utility function is given by the equation U = 120 x0.7 y0.3 where x is the number of hours spent playing golf and y is the hours spent playing cards per month. Calculate the values of x and y for which utility is maximised, subject to the constraint 21x + 3y = 180

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Q: .3   A utility function is given by the equation U = 120 x0.7 y0.3 where x is the number of hours…

A:

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