SlideShare a Scribd company logo

1. Paolo consumes products X and Y and spends $25. The prices of the.pdf

•
•
A
aliradios

1. Paolo consumes products X and Y and spends $25. The prices of the two goods are $3 per unit for X and $2 per unit for Y. The consumer in this case has a utility function expressed as: U(X,Y) = .5XY a. Express the budget equation mathematically. b. Determine the values of X and Y that will maximize utility in the consumption of X and Y. c. Determine the total utility of Paolo as he consumes X and Y (derived from letter b.) Hint: Consider the utility maximising condition for a consumer. Additionally, in Economics, marginal analysis uses derivatives or the rate of change (e.g. marginal utility, marginal cost.

Education
1 of 1
Download to read offline
1. Paolo consumes products X and Y and spends $25. The prices of the two goods are $3 per unit for X and $2 per unit for Y. The consumer in this case has a utility function expressed as: U(X,Y) = .5XY a. Express the budget equation mathematically. b. Determine the values of X and Y that will maximize utility in the consumption of X and Y. c. Determine the total utility of Paolo as he consumes X and Y (derived from letter b.) Hint: Consider the utility maximising condition for a consumer. Additionally, in Economics, marginal analysis uses derivatives or the rate of change (e.g. marginal utility, marginal cost

Recommended

11, Las relaciones p�blicas utilizan una variedad de t�cnicas para m.pdf
11, Las relaciones p�blicas utilizan una variedad de t�cnicas para m.pdf11, Las relaciones p�blicas utilizan una variedad de t�cnicas para m.pdf
11, Las relaciones p�blicas utilizan una variedad de t�cnicas para m.pdfaliradios
 
11. In many research project there are several consideration when co.pdf
11. In many research project there are several consideration when co.pdf11. In many research project there are several consideration when co.pdf
11. In many research project there are several consideration when co.pdfaliradios
 
10) If inflation in the United States is higher than inflation in ot.pdf
10) If inflation in the United States is higher than inflation in ot.pdf10) If inflation in the United States is higher than inflation in ot.pdf
10) If inflation in the United States is higher than inflation in ot.pdfaliradios
 
10. �D�nde se encuentran m�s com�nmente las rocas �gneas intermedias.pdf
10. �D�nde se encuentran m�s com�nmente las rocas �gneas intermedias.pdf10. �D�nde se encuentran m�s com�nmente las rocas �gneas intermedias.pdf
10. �D�nde se encuentran m�s com�nmente las rocas �gneas intermedias.pdfaliradios
 
10. Following are the weather data collected on Christmas Day Event .pdf
10. Following are the weather data collected on Christmas Day Event .pdf10. Following are the weather data collected on Christmas Day Event .pdf
10. Following are the weather data collected on Christmas Day Event .pdfaliradios
 
1.What type of malware gathers user activity data without user conse.pdf
1.What type of malware gathers user activity data without user conse.pdf1.What type of malware gathers user activity data without user conse.pdf
1.What type of malware gathers user activity data without user conse.pdfaliradios
 
1.The concept of present value relates to the idea that a)Th.pdf
1.The concept of present value relates to the idea that a)Th.pdf1.The concept of present value relates to the idea that a)Th.pdf
1.The concept of present value relates to the idea that a)Th.pdfaliradios
 
1.Provide a brief history of the Federal Reserve, including an expla.pdf
1.Provide a brief history of the Federal Reserve, including an expla.pdf1.Provide a brief history of the Federal Reserve, including an expla.pdf
1.Provide a brief history of the Federal Reserve, including an expla.pdfaliradios
 

More Related Content

More from aliradios

1.Provide instances of the major difficulties affecting businesses a.pdf
1.Provide instances of the major difficulties affecting businesses a.pdf1.Provide instances of the major difficulties affecting businesses a.pdf
1.Provide instances of the major difficulties affecting businesses a.pdfaliradios
 
1.How is hope a therapeutic factor in a group What are other types .pdf
1.How is hope a therapeutic factor in a group What are other types .pdf1.How is hope a therapeutic factor in a group What are other types .pdf
1.How is hope a therapeutic factor in a group What are other types .pdfaliradios
 
1.Explain how to choose the better Maintenance Plan Based on Prevent.pdf
1.Explain how to choose the better Maintenance Plan Based on Prevent.pdf1.Explain how to choose the better Maintenance Plan Based on Prevent.pdf
1.Explain how to choose the better Maintenance Plan Based on Prevent.pdfaliradios
 
1.Gelimi bilgi teknolojisinin mevcudiyeti, bir kuruluun iinin herha.pdf
1.Gelimi bilgi teknolojisinin mevcudiyeti, bir kuruluun iinin herha.pdf1.Gelimi bilgi teknolojisinin mevcudiyeti, bir kuruluun iinin herha.pdf
1.Gelimi bilgi teknolojisinin mevcudiyeti, bir kuruluun iinin herha.pdfaliradios
 
1.) �Cu�l no es un componente del punto de vista bioc�ntrico A) T.pdf
1.) �Cu�l no es un componente del punto de vista bioc�ntrico A) T.pdf1.) �Cu�l no es un componente del punto de vista bioc�ntrico A) T.pdf
1.) �Cu�l no es un componente del punto de vista bioc�ntrico A) T.pdfaliradios
 
1.) Bir merkez bankas para biriminin deerini deitirmek i�in dolayl m.pdf
1.) Bir merkez bankas para biriminin deerini deitirmek i�in dolayl m.pdf1.) Bir merkez bankas para biriminin deerini deitirmek i�in dolayl m.pdf
1.) Bir merkez bankas para biriminin deerini deitirmek i�in dolayl m.pdfaliradios
 
1. �Qu� es una botnet 2. Describir algunos de los puntos principa.pdf
1. �Qu� es una botnet 2. Describir algunos de los puntos principa.pdf1. �Qu� es una botnet 2. Describir algunos de los puntos principa.pdf
1. �Qu� es una botnet 2. Describir algunos de los puntos principa.pdfaliradios
 
1. �Te gustar�a trabajar en un lugar como Zappos antes de la transic.pdf
1. �Te gustar�a trabajar en un lugar como Zappos antes de la transic.pdf1. �Te gustar�a trabajar en un lugar como Zappos antes de la transic.pdf
1. �Te gustar�a trabajar en un lugar como Zappos antes de la transic.pdfaliradios
 
1. �Cu�l de los siguientes no es parte del marco COSO supervisi�.pdf
1. �Cu�l de los siguientes no es parte del marco COSO supervisi�.pdf1. �Cu�l de los siguientes no es parte del marco COSO supervisi�.pdf
1. �Cu�l de los siguientes no es parte del marco COSO supervisi�.pdfaliradios
 
1. � Discuss common MLM ( Multi-Level Marketing) practices and the.pdf
1. � Discuss common MLM ( Multi-Level Marketing) practices and the.pdf1. � Discuss common MLM ( Multi-Level Marketing) practices and the.pdf
1. � Discuss common MLM ( Multi-Level Marketing) practices and the.pdfaliradios
 
1. �Cu�l de las siguientes es FALSA con respecto a Bordetella pertus.pdf
1. �Cu�l de las siguientes es FALSA con respecto a Bordetella pertus.pdf1. �Cu�l de las siguientes es FALSA con respecto a Bordetella pertus.pdf
1. �Cu�l de las siguientes es FALSA con respecto a Bordetella pertus.pdfaliradios
 
1. Y�netim �phesiz insanolunun en �nemli icatlarndan biridir.� Bu if.pdf
1. Y�netim �phesiz insanolunun en �nemli icatlarndan biridir.� Bu if.pdf1. Y�netim �phesiz insanolunun en �nemli icatlarndan biridir.� Bu if.pdf
1. Y�netim �phesiz insanolunun en �nemli icatlarndan biridir.� Bu if.pdfaliradios
 
1. [7] True False Determine if the following statements are true .pdf
1. [7] True False Determine if the following statements are true .pdf1. [7] True False Determine if the following statements are true .pdf
1. [7] True False Determine if the following statements are true .pdfaliradios
 
1. You are to write a client-server application to support Calculus�.pdf
1. You are to write a client-server application to support Calculus�.pdf1. You are to write a client-server application to support Calculus�.pdf
1. You are to write a client-server application to support Calculus�.pdfaliradios
 
1. Write a TOWS analysis paper for Great Cup Of Coffee of Financials.pdf
1. Write a TOWS analysis paper for Great Cup Of Coffee of Financials.pdf1. Write a TOWS analysis paper for Great Cup Of Coffee of Financials.pdf
1. Write a TOWS analysis paper for Great Cup Of Coffee of Financials.pdfaliradios
 
1. Why do you think companies are increasingly open to ideas from ou.pdf
1. Why do you think companies are increasingly open to ideas from ou.pdf1. Why do you think companies are increasingly open to ideas from ou.pdf
1. Why do you think companies are increasingly open to ideas from ou.pdfaliradios
 
1. Which of these geologic provinces found in Oregon is located in S.pdf
1. Which of these geologic provinces found in Oregon is located in S.pdf1. Which of these geologic provinces found in Oregon is located in S.pdf
1. Which of these geologic provinces found in Oregon is located in S.pdfaliradios
 
1. Which of these accounts for more than 20 of Californias exports.pdf
1. Which of these accounts for more than 20 of Californias exports.pdf1. Which of these accounts for more than 20 of Californias exports.pdf
1. Which of these accounts for more than 20 of Californias exports.pdfaliradios
 
1. Which of the following statements is FALSEa. Naked viruses are .pdf
1. Which of the following statements is FALSEa. Naked viruses are .pdf1. Which of the following statements is FALSEa. Naked viruses are .pdf
1. Which of the following statements is FALSEa. Naked viruses are .pdfaliradios
 
1. When looking at a slide you see what appears to be open spaces wi.pdf
1. When looking at a slide you see what appears to be open spaces wi.pdf1. When looking at a slide you see what appears to be open spaces wi.pdf
1. When looking at a slide you see what appears to be open spaces wi.pdfaliradios
 

More from aliradios (20)

1.Provide instances of the major difficulties affecting businesses a.pdf
1.Provide instances of the major difficulties affecting businesses a.pdf1.Provide instances of the major difficulties affecting businesses a.pdf
1.Provide instances of the major difficulties affecting businesses a.pdf
 
1.How is hope a therapeutic factor in a group What are other types .pdf
1.How is hope a therapeutic factor in a group What are other types .pdf1.How is hope a therapeutic factor in a group What are other types .pdf
1.How is hope a therapeutic factor in a group What are other types .pdf
 
1.Explain how to choose the better Maintenance Plan Based on Prevent.pdf
1.Explain how to choose the better Maintenance Plan Based on Prevent.pdf1.Explain how to choose the better Maintenance Plan Based on Prevent.pdf
1.Explain how to choose the better Maintenance Plan Based on Prevent.pdf
 
1.Gelimi bilgi teknolojisinin mevcudiyeti, bir kuruluun iinin herha.pdf
1.Gelimi bilgi teknolojisinin mevcudiyeti, bir kuruluun iinin herha.pdf1.Gelimi bilgi teknolojisinin mevcudiyeti, bir kuruluun iinin herha.pdf
1.Gelimi bilgi teknolojisinin mevcudiyeti, bir kuruluun iinin herha.pdf
 
1.) �Cu�l no es un componente del punto de vista bioc�ntrico A) T.pdf
1.) �Cu�l no es un componente del punto de vista bioc�ntrico A) T.pdf1.) �Cu�l no es un componente del punto de vista bioc�ntrico A) T.pdf
1.) �Cu�l no es un componente del punto de vista bioc�ntrico A) T.pdf
 
1.) Bir merkez bankas para biriminin deerini deitirmek i�in dolayl m.pdf
1.) Bir merkez bankas para biriminin deerini deitirmek i�in dolayl m.pdf1.) Bir merkez bankas para biriminin deerini deitirmek i�in dolayl m.pdf
1.) Bir merkez bankas para biriminin deerini deitirmek i�in dolayl m.pdf
 
1. �Qu� es una botnet 2. Describir algunos de los puntos principa.pdf
1. �Qu� es una botnet 2. Describir algunos de los puntos principa.pdf1. �Qu� es una botnet 2. Describir algunos de los puntos principa.pdf
1. �Qu� es una botnet 2. Describir algunos de los puntos principa.pdf
 
1. �Te gustar�a trabajar en un lugar como Zappos antes de la transic.pdf
1. �Te gustar�a trabajar en un lugar como Zappos antes de la transic.pdf1. �Te gustar�a trabajar en un lugar como Zappos antes de la transic.pdf
1. �Te gustar�a trabajar en un lugar como Zappos antes de la transic.pdf
 
1. �Cu�l de los siguientes no es parte del marco COSO supervisi�.pdf
1. �Cu�l de los siguientes no es parte del marco COSO supervisi�.pdf1. �Cu�l de los siguientes no es parte del marco COSO supervisi�.pdf
1. �Cu�l de los siguientes no es parte del marco COSO supervisi�.pdf
 
1. � Discuss common MLM ( Multi-Level Marketing) practices and the.pdf
1. � Discuss common MLM ( Multi-Level Marketing) practices and the.pdf1. � Discuss common MLM ( Multi-Level Marketing) practices and the.pdf
1. � Discuss common MLM ( Multi-Level Marketing) practices and the.pdf
 
1. �Cu�l de las siguientes es FALSA con respecto a Bordetella pertus.pdf
1. �Cu�l de las siguientes es FALSA con respecto a Bordetella pertus.pdf1. �Cu�l de las siguientes es FALSA con respecto a Bordetella pertus.pdf
1. �Cu�l de las siguientes es FALSA con respecto a Bordetella pertus.pdf
 
1. Y�netim �phesiz insanolunun en �nemli icatlarndan biridir.� Bu if.pdf
1. Y�netim �phesiz insanolunun en �nemli icatlarndan biridir.� Bu if.pdf1. Y�netim �phesiz insanolunun en �nemli icatlarndan biridir.� Bu if.pdf
1. Y�netim �phesiz insanolunun en �nemli icatlarndan biridir.� Bu if.pdf
 
1. [7] True False Determine if the following statements are true .pdf
1. [7] True False Determine if the following statements are true .pdf1. [7] True False Determine if the following statements are true .pdf
1. [7] True False Determine if the following statements are true .pdf
 
1. You are to write a client-server application to support Calculus�.pdf
1. You are to write a client-server application to support Calculus�.pdf1. You are to write a client-server application to support Calculus�.pdf
1. You are to write a client-server application to support Calculus�.pdf
 
1. Write a TOWS analysis paper for Great Cup Of Coffee of Financials.pdf
1. Write a TOWS analysis paper for Great Cup Of Coffee of Financials.pdf1. Write a TOWS analysis paper for Great Cup Of Coffee of Financials.pdf
1. Write a TOWS analysis paper for Great Cup Of Coffee of Financials.pdf
 
1. Why do you think companies are increasingly open to ideas from ou.pdf
1. Why do you think companies are increasingly open to ideas from ou.pdf1. Why do you think companies are increasingly open to ideas from ou.pdf
1. Why do you think companies are increasingly open to ideas from ou.pdf
 
1. Which of these geologic provinces found in Oregon is located in S.pdf
1. Which of these geologic provinces found in Oregon is located in S.pdf1. Which of these geologic provinces found in Oregon is located in S.pdf
1. Which of these geologic provinces found in Oregon is located in S.pdf
 
1. Which of these accounts for more than 20 of Californias exports.pdf
1. Which of these accounts for more than 20 of Californias exports.pdf1. Which of these accounts for more than 20 of Californias exports.pdf
1. Which of these accounts for more than 20 of Californias exports.pdf
 
1. Which of the following statements is FALSEa. Naked viruses are .pdf
1. Which of the following statements is FALSEa. Naked viruses are .pdf1. Which of the following statements is FALSEa. Naked viruses are .pdf
1. Which of the following statements is FALSEa. Naked viruses are .pdf
 
1. When looking at a slide you see what appears to be open spaces wi.pdf
1. When looking at a slide you see what appears to be open spaces wi.pdf1. When looking at a slide you see what appears to be open spaces wi.pdf
1. When looking at a slide you see what appears to be open spaces wi.pdf
 

Recently uploaded

Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptxDecoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptxDhatriParmar
 
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...Association for Project Management
 
Comparative Literature in India by Amiya dev.pptx
Comparative Literature in India by Amiya dev.pptxComparative Literature in India by Amiya dev.pptx
Comparative Literature in India by Amiya dev.pptxAvaniJani1
 
Healthy Minds, Flourishing Lives: A Philosophical Approach to Mental Health a...
Healthy Minds, Flourishing Lives: A Philosophical Approach to Mental Health a...Healthy Minds, Flourishing Lives: A Philosophical Approach to Mental Health a...
Healthy Minds, Flourishing Lives: A Philosophical Approach to Mental Health a...Osopher
 
The role of Geography in climate education: science and active citizenship
The role of Geography in climate education: science and active citizenshipThe role of Geography in climate education: science and active citizenship
The role of Geography in climate education: science and active citizenshipKarl Donert
 
Employablity presentation and Future Career Plan.pptx
Employablity presentation and Future Career Plan.pptxEmployablity presentation and Future Career Plan.pptx
Employablity presentation and Future Career Plan.pptxryandux83rd
 
Scientific Writing :Research Discourse
Scientific Writing :Research DiscourseScientific Writing :Research Discourse
Scientific Writing :Research DiscourseAnita GoswamiGiri
 
Q-Factor General Quiz-7th April 2024, Quiz Club NITW
Q-Factor General Quiz-7th April 2024, Quiz Club NITWQ-Factor General Quiz-7th April 2024, Quiz Club NITW
Q-Factor General Quiz-7th April 2024, Quiz Club NITWQuiz Club NITW
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 11 THEO ĐƠN VỊ BÀI HỌC - CẢ NĂM - CÓ FILE NGHE (GLOB...
BÀI TẬP BỔ TRỢ TIẾNG ANH 11 THEO ĐƠN VỊ BÀI HỌC - CẢ NĂM - CÓ FILE NGHE (GLOB...BÀI TẬP BỔ TRỢ TIẾNG ANH 11 THEO ĐƠN VỊ BÀI HỌC - CẢ NĂM - CÓ FILE NGHE (GLOB...
BÀI TẬP BỔ TRỢ TIẾNG ANH 11 THEO ĐƠN VỊ BÀI HỌC - CẢ NĂM - CÓ FILE NGHE (GLOB...Nguyen Thanh Tu Collection
 
PART 1 - CHAPTER 1 - CELL THE FUNDAMENTAL UNIT OF LIFE
PART 1 - CHAPTER 1 - CELL THE FUNDAMENTAL UNIT OF LIFEPART 1 - CHAPTER 1 - CELL THE FUNDAMENTAL UNIT OF LIFE
PART 1 - CHAPTER 1 - CELL THE FUNDAMENTAL UNIT OF LIFEMISSRITIMABIOLOGYEXP
 
Q-Factor HISPOL Quiz-6th April 2024, Quiz Club NITW
Q-Factor HISPOL Quiz-6th April 2024, Quiz Club NITWQ-Factor HISPOL Quiz-6th April 2024, Quiz Club NITW
Q-Factor HISPOL Quiz-6th April 2024, Quiz Club NITWQuiz Club NITW
 
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptx
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptxUnraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptx
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptxDhatriParmar
 
Congestive Cardiac Failure..presentation
Congestive Cardiac Failure..presentationCongestive Cardiac Failure..presentation
Congestive Cardiac Failure..presentationdeepaannamalai16
 
ClimART Action | eTwinning Project
ClimART Action | eTwinning ProjectClimART Action | eTwinning Project
ClimART Action | eTwinning Projectjordimapav
 
How to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command LineHow to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command LineCeline George
 
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptxBIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptxSayali Powar
 
How to Manage Buy 3 Get 1 Free in Odoo 17
How to Manage Buy 3 Get 1 Free in Odoo 17How to Manage Buy 3 Get 1 Free in Odoo 17
How to Manage Buy 3 Get 1 Free in Odoo 17Celine George
 

Recently uploaded (20)

Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptxDecoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
 
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
 
Comparative Literature in India by Amiya dev.pptx
Comparative Literature in India by Amiya dev.pptxComparative Literature in India by Amiya dev.pptx
Comparative Literature in India by Amiya dev.pptx
 
Spearman's correlation,Formula,Advantages,
Spearman's correlation,Formula,Advantages,Spearman's correlation,Formula,Advantages,
Spearman's correlation,Formula,Advantages,
 
Introduction to Research ,Need for research, Need for design of Experiments, ...
Introduction to Research ,Need for research, Need for design of Experiments, ...Introduction to Research ,Need for research, Need for design of Experiments, ...
Introduction to Research ,Need for research, Need for design of Experiments, ...
 
Healthy Minds, Flourishing Lives: A Philosophical Approach to Mental Health a...
Healthy Minds, Flourishing Lives: A Philosophical Approach to Mental Health a...Healthy Minds, Flourishing Lives: A Philosophical Approach to Mental Health a...
Healthy Minds, Flourishing Lives: A Philosophical Approach to Mental Health a...
 
The role of Geography in climate education: science and active citizenship
The role of Geography in climate education: science and active citizenshipThe role of Geography in climate education: science and active citizenship
The role of Geography in climate education: science and active citizenship
 
Employablity presentation and Future Career Plan.pptx
Employablity presentation and Future Career Plan.pptxEmployablity presentation and Future Career Plan.pptx
Employablity presentation and Future Career Plan.pptx
 
Scientific Writing :Research Discourse
Scientific Writing :Research DiscourseScientific Writing :Research Discourse
Scientific Writing :Research Discourse
 
Q-Factor General Quiz-7th April 2024, Quiz Club NITW
Q-Factor General Quiz-7th April 2024, Quiz Club NITWQ-Factor General Quiz-7th April 2024, Quiz Club NITW
Q-Factor General Quiz-7th April 2024, Quiz Club NITW
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 11 THEO ĐƠN VỊ BÀI HỌC - CẢ NĂM - CÓ FILE NGHE (GLOB...
BÀI TẬP BỔ TRỢ TIẾNG ANH 11 THEO ĐƠN VỊ BÀI HỌC - CẢ NĂM - CÓ FILE NGHE (GLOB...BÀI TẬP BỔ TRỢ TIẾNG ANH 11 THEO ĐƠN VỊ BÀI HỌC - CẢ NĂM - CÓ FILE NGHE (GLOB...
BÀI TẬP BỔ TRỢ TIẾNG ANH 11 THEO ĐƠN VỊ BÀI HỌC - CẢ NĂM - CÓ FILE NGHE (GLOB...
 
Faculty Profile prashantha K EEE dept Sri Sairam college of Engineering
Faculty Profile prashantha K EEE dept Sri Sairam college of EngineeringFaculty Profile prashantha K EEE dept Sri Sairam college of Engineering
Faculty Profile prashantha K EEE dept Sri Sairam college of Engineering
 
PART 1 - CHAPTER 1 - CELL THE FUNDAMENTAL UNIT OF LIFE
PART 1 - CHAPTER 1 - CELL THE FUNDAMENTAL UNIT OF LIFEPART 1 - CHAPTER 1 - CELL THE FUNDAMENTAL UNIT OF LIFE
PART 1 - CHAPTER 1 - CELL THE FUNDAMENTAL UNIT OF LIFE
 
Q-Factor HISPOL Quiz-6th April 2024, Quiz Club NITW
Q-Factor HISPOL Quiz-6th April 2024, Quiz Club NITWQ-Factor HISPOL Quiz-6th April 2024, Quiz Club NITW
Q-Factor HISPOL Quiz-6th April 2024, Quiz Club NITW
 
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptx
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptxUnraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptx
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptx
 
Congestive Cardiac Failure..presentation
Congestive Cardiac Failure..presentationCongestive Cardiac Failure..presentation
Congestive Cardiac Failure..presentation
 
ClimART Action | eTwinning Project
ClimART Action | eTwinning ProjectClimART Action | eTwinning Project
ClimART Action | eTwinning Project
 
How to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command LineHow to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command Line
 
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptxBIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
 
How to Manage Buy 3 Get 1 Free in Odoo 17
How to Manage Buy 3 Get 1 Free in Odoo 17How to Manage Buy 3 Get 1 Free in Odoo 17
How to Manage Buy 3 Get 1 Free in Odoo 17
 

1. Paolo consumes products X and Y and spends $25. The prices of the.pdf

  • 1. 1. Paolo consumes products X and Y and spends $25. The prices of the two goods are $3 per unit for X and $2 per unit for Y. The consumer in this case has a utility function expressed as: U(X,Y) = .5XY a. Express the budget equation mathematically. b. Determine the values of X and Y that will maximize utility in the consumption of X and Y. c. Determine the total utility of Paolo as he consumes X and Y (derived from letter b.) Hint: Consider the utility maximising condition for a consumer. Additionally, in Economics, marginal analysis uses derivatives or the rate of change (e.g. marginal utility, marginal cost