(Answered) Maurice has the following utility functionux y 20x 80y -

Economics

Maurice has the following utility function:

u(X, Y) = 20X + 80Y - x2 - 2y2

where X is his consumption of CDs with a price of $1 and Y is his consumption of movie videos, with a rental price of $2.He plans to spend $41 on both forms of entertainment. Determine the number of CDs and video rentals that will maximize Maurice"s utility.

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Microeconomics, Economics

Category:- Microeconomics
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