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Josh has decided he needs a new wardrobe. Now he has some money he wants entirely bespoke outfits. Suppose J has income y=40000. Utility over
Josh has decided he needs a new wardrobe. Now he has some money he wants entirely bespoke outfits. Suppose J has income y=40000. Utility over the clothing as U(q,n)=20q +10n
P=500 the price either 1outfit or increase quality 1 with cost increase as square sum. Future j has wife provide him food and other
J believe budget constraints is 40000=500(q*2+n^2
A
How many outfits purchase What is quality
Suppose budget constraint. 4000=500(qn). Give utility functions would j maximize his utility?
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