The problem is to maximise utility u(x,y) = 2*x +y s.t. x,y≥0 and p*x + q*y...
The problem is to maximise utility u(x,y) = 2*x +y s.t. x,y≥0 and p*x + q*y ≤w, where p=17.6 and q=3.4 and w=1. The solution to this problem is denoted (x_0, y_0) = (x(p, q, w), y(p, q, w)). The solution is the global max.
Find du(x_0,y_0)/dp evaluated at the parameters (p, q, w) = (17.6, 3.4, 1). Write the answer as a number in decimal notation with at least two digits after the decimal point.
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The problem is to maximise utility u(x,y) = 2*x +y s.t. x,y≥0
and p*x + q*y...
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