section2sol_Solutions - i) U = 2(X + 2Y) or U = (X + 2Y) 2...

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Section Handout solutions for some problems 6. 7.
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8. (a) 9. a) i) U = X + 2Y ii) U = min[x, 3y] b) There are many other utility functions. Possible solutions can be:
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Unformatted text preview: i) U = 2(X + 2Y) or U = (X + 2Y) 2 ii) U = min[2X, Y] or U = 4*min[X, 3Y]...
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This homework help was uploaded on 02/19/2009 for the course ECON 3010 taught by Professor Wissink during the Fall '07 term at Cornell University (Engineering School).

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section2sol_Solutions - i) U = 2(X + 2Y) or U = (X + 2Y) 2...

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