W Automatisk lagring problem-set2_done (1) . Gemt i Denne pc v A Siham Rasho X Filer Hjem Indsaet Tegning Design Layout Referencer Forsendelser Gennemse Vis Hjeelp WordMat Kommentarer Redigering Del G Calibri (Brodtekst) * 12 -A A Aa Ap TO AL T O Saet Normal F K U ~ ab x x A LA. Ingen afstand Overskrift Redigering Dikter Editor ind Fortryd | Udklipshol... Skrifttype Afsnit Typografier Stemme Editor c. If you are not maximizing your utility, are you buying too much X or too much Y? Explain. d. Now assume that MRS is always larger than 2. What would be a corner solution supported by the facts above? Show graphically. Problem 4: Constraint optimization - math Suppose that there are two goods (X and Y). The price of X is $2 per unit, and the price of Y is $1 per unit. There are two consumers (A and B). The utility functions for the consumers are UA(X, Y) = x0.50.5 UB (X, Y) = X0.80.2 Consumer A has an income of $100, and Consumer B has an income of $300. a. Use Lagrangians to solve the constrained utility-maximization problems for Consumer A and Consumer B. b. Calculate the marginal rate of substitution for each consumer at his or her optimal consumption bundles. c. Suppose that there is another consumer (let us call her C). You do not know anything about her utility function or her income. All you know is that she consumes both goods. What do you know about C's marginal rate of substitution at her optimal consumption bundle? Why? d. What is Consumer B's marginal utility of X and Y at the optimal consumption bundle? What is his benefit-cost ratio of X and Y? By how much does his utility increase if he receives an extra dollar to spend on X and Y? Aktiver Windows Problem 5: Perfect Complements [S&N]: Problem 4.5."Mr. A derives utility..". Hint: Bemaerk at man ikke kan bruge Lagrange, da Ga til Indstillinger for at aktivere Windows. Side 2 af 2 840 ord x Dansk Tekstfuldforelser: Til Tilgaengelighed: Klar til start [ Fokus + 100% 16:02 Skriv her for at soge Fi w 6*C Mest sol A D (x 8 7DAN 01-03-2023 72