Given the utility function of a consumer for the goods x and y, U = (r +2)(y+1) and the prices of goods are P, = 4 TL and P, = 6 TL while the consumer's budget is B = 130TL (Note: There are 5 questions in the test regarding the information given above) Which of the following is Lagrangian function of the above problem to maximize utility? Lütfen birini seçin: O a. Z = (x+ 2)(y + 1) + A(130 – 4r 6y) O b. Z = 130 – 4x - 6y- N[(x + 2)(y + 1)] O c. Z = (r + 2)(y + 1) – X(130 – 4x - 6y) O d. Z = (x +2)(y + 1) + \(130 + 4x + 6y)

Given the utility function of a consumer for the goods x and y, U = (r +2)(y+1) and the prices of goods are P, = 4 TL and P, = 6 TL while the consumer's budget is B = 130TL (Note: There are 5 questions in the test regarding the information given above) Which of the following is Lagrangian function of the above problem to maximize utility? Lütfen birini seçin: O a. Z = (x+ 2)(y + 1) + A(130 – 4r 6y) O b. Z = 130 – 4x - 6y- N[(x + 2)(y + 1)] O c. Z = (r + 2)(y + 1) – X(130 – 4x - 6y) O d. Z = (x +2)(y + 1) + \(130 + 4x + 6y)

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter3: Preferences And Utility

Section: Chapter Questions

Problem 3.13P

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