if u=q1 q2 and p1 = 200 Naira per kg, p2 = 5 naira per kg and y = p1 q1 + p2 q2. calculate the quantities of q1 and q2 purchased by the consumer assuming that he was able to maximise his satisfaction if y=200 naira

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter7: Production Economics
Section: Chapter Questions
Problem 4E
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if u=q1 q2 and p1 = 200 Naira per kg, p2 = 5 naira per kg and y = p1 q1 + p2 q2. calculate the quantities of q1 and q2 purchased by the consumer assuming that he was able to maximise his satisfaction if y=200 naira

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