Comput utility from utility function. paul derives utility, Ask an Expert

Economics

Comput utility from utility function.

Paul derives utility only form CDs and DVDs. His utility function is U = √ CD

a) Show that Paul's income will not permit him to reach the U = 20 indifference curve?

b) If Paul buys 5 DVDs, how many CDs can he buy? What is his utility?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M917847

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