Question
Is there a way to show the solver screen and the steps next to it? I can't get the solver function to work correctly.
Is there a way to show the solver screen and the steps next to it? I can't get the solver function to work correctly. I will post the question, and my screen to show you where I've gotten. The budget cell is A1 You have a budget of $100 to spend on dairy products d(which cost $5 each) and clothes C (which cost $20 each). The utility function between these products isU=In(d)+4ln(c)=ln()+4ln(+) Plot the indifference curves for three levels of utility. Find (using Solver in Excel or a numerical optimizer) the combination of goods that maximizes the utility. Budget $ 100.00 U In(d)+4ln(c) Dairy Cost (D) $ 5.00 Cost of goods 5d + 20c = 100 Clothes Cost $ 20.00
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