What is utility to buy equal numbers of songs and dvds, Microeconomics

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What is utility to buy equal numbers of songs and dvds

Paul Movie derives utility only from iTunes Songs (S) and DVDs (D). His utility function is given by

U = (SD)^1/2

Suppose Paul's roomate object to his music choices and require him only to buy equal numbers of songs and DVDs. Furthermore, suppose songs cost $6.6, DVDs cost $8.2 and Paul has an income of $172.6. What is his utility?

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Microeconomics: What is utility to buy equal numbers of songs and dvds

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Microeconomics: What is utility to buy equal numbers of songs and dvds

Reference No:- TGS063446

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What are the intrinsic values of stocks d & g

Q : What is optimal consumption of x

Q : Main regulatory commissions of industrial regulation

Q : Prepare the job cost sheets for each of the three jobs

Q : What is utility to buy equal numbers of songs and dvds

Q : Possible tax and economic implications

Q : Distinguish managerial accounting from financial accounting

Q : Value of gross private domestic investment

Q : How much extra income would have to give

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is utility to buy equal numbers of songs and dvds

Reference No:- TGS063446

Recent Questions Asked Microeconomics

Q : What are the intrinsic values of stocks d & g

Q : What is optimal consumption of x

Q : Main regulatory commissions of industrial regulation

Q : Prepare the job cost sheets for each of the three jobs

Q : What is utility to buy equal numbers of songs and dvds

Q : Possible tax and economic implications

Q : Distinguish managerial accounting from financial accounting

Q : Value of gross private domestic investment

Q : How much extra income would have to give

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