Utility - Video/DVD CDs Max rentals per purchase...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Video/DVD CDs Max rentals per purchase Expenditure year d/year Utility (Income) PX 22.89 181.12 7551.17 41 25.22 31.56 2953.95 41 26.2 14.8 2153.71 41 26.69 9.54 1822.81 41 27 7 1629.7 41 27.21 5.52 1498.7 41 27.36 4.55 1401.95 41 PY 1 1 1 1 1 1 1 0.1 0.5 1 1.5 2 2.5 3 Expenditure 41 Run Solver tool for each line then pl 41 41 41 41 41 41 Demand for CDs/year 200 180 160 140 120 100 80 60 40 20 0 0 0.5 1 1.5 2 2.5 3 3.5 Price of CDs Annual CD Demand CDs cha r tool for each line then plot Y vs PY /year CDs purchased/year 3 3.5 X 13.64 Y 6.86 U 981.46 Max Expenditure PX 41 PY 2 2 Expenditure 41 X 4.82 Y 19.29 U 1244.47 Max Expenditure PX PY 41 0.5 2 Expenditure 41 ...
View Full Document

This note was uploaded on 11/13/2009 for the course ECON 181 taught by Professor Kasa during the Spring '07 term at Berkeley.

Ask a homework question - tutors are online