4.3 a. On a given evening J. P. enjoys the consumption of cigars (C) and brandy (B)...
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4.3
a. On a given evening J. P. enjoys the consumption of cigars (C) and brandy (B) accord ing to the function U(C, B) = 20C - C 2 + 1SB - 3B 2
.
How many cigars and glasses of brandy does he consume during an evening? (Cost is no object toj. P.)
b. Lately, however, J. P. has been advised by his doctors that he should limit the sum of brandy and cigars consumed to 5. How many glasses of brandy and cigars will he con sume under these circumstances?
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Related Book For
Microeconomic Theory Basic Principles And Extensions
ISBN: 9780030335938
8th Edition
Authors: Walter Nicholson
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