aThe utility function for a consumer utility is U=30Q1 1/2 Q2 1/2 .If the price per unit of Q1 is Ksh 10 and Ksh 5per unit of Q2, determine quantities Q1 and Q2 that the consumer should have to maximize utility if the consumer Ksh 350budgeted
Wilson an automotive technician has been operating a garage in Mombasa
for the past two years. A year ago he converted part of his garage to
a welding shop making and selling metal doors and windows. He had
anticipated that he cost of welding shop would primarily be final but
has realized that the welding cost increased with the increase in
number of welding job assignment. The costs of welding job assignments
are as follows
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Wilson an automotive technician has been operating a garage in Mombasa for the past two years. A year ago he converted part of his garage to a welding shop making and selling metal doors and windows. He had anticipated that he cost of welding shop would primarily be final but has realized that the welding cost increased with the increase in number of welding job assignment. The costs of welding job assignments are as follows
Leave a comment