For the utility function U = Qx0.13ay(1-0.13) and the budget 157 = 80x + 12Qy find the optimal consumption of X. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 1.2, 1.14 = 1.1). 0.1

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section: Chapter Questions
Problem 5T
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For the utility function U = Qx0.13ay(1-0.13) and the budget 157 = 80x + 12Qy find the optimal consumption of X.
Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15= 1.2, 1.14 1.1).
0.1
Transcribed Image Text:For the utility function U = Qx0.13ay(1-0.13) and the budget 157 = 80x + 12Qy find the optimal consumption of X. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15= 1.2, 1.14 1.1). 0.1
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