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Economics

Suppose the utility granted by spending holidays domestically D and holidays in foreign countries F is represented by the utility function u(D,F)=10D*F. You have a budget of 4000 US-Dollars and a domestic holiday costs you 100 US-Dollars per day and a day abroad 400 US-Dollars per day. What is your utility-maximizing choose of days of D and F?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91710027

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