(a)
(b),
If "19\\leq x<20, w(x)" has maximum
(c) in
We consider "w" as the hourly wage associated with the trip time in dollars.
(d)
If "19\\leq x<20, w(x)" has maximum in $332.50
(e)
The maximum salary is greater than salary received for a 20-hour trip.
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Dear Shazil, please use the panel for submitting a new question.
Suppose that the price of commodity Y is $ 20 per unit while the price of commodity X is $ 15 per unit and suppose that an individual’s money income is $ 100 per period and is all spent on X & Y. i. Draw the budget constraint line for this consumer at the initial point.
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