Mathematics, 08.11.2019 01:31 kevino8
Lolita, the holstein cow, has a utility function is u(x, y) = x − x²/2 + y, where x is her consumption of cow feed and y is her consumption of hay. if the price of cow feed is $0.30, the price of hay is $1, and her income is $4, and if lolita chooses the combination of hay and cow feed that she likes best from among those combinations she can afford, her utility will be:
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Lolita, the holstein cow, has a utility function is u(x, y) = x − x²/2 + y, where x is her consumpti...
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