1 how many glasses of brandy and cigars are consumed during, Macroeconomics

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1 how many glasses of brandy and cigars are consumed during

Assume that enjoys the consumption of cigars (c) and brandy (b)according to the following utility function:

U(C,B) = 20C - C2 +18 B - 3B2

1. How many glasses of brandy and cigars are consumed during andevening?
2. Now the sum of brandy and cigars consumed in the day isless than or equal 5. What's the optimal consumption under thisconstraint?

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Macroeconomics: 1 how many glasses of brandy and cigars are consumed during

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Macroeconomics: 1 how many glasses of brandy and cigars are consumed during

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Macroeconomics: 1 how many glasses of brandy and cigars are consumed during

Reference No:- TGS0582248

Recent Questions Asked Macroeconomics

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