各位经济学的高手。有条难题。请提我解答。功课啊。。麻烦了
Assumeanindividualconsumesthreegoods,food,clothing,andautomobiles.Denotethequantities...
Assume an individual consumes three goods, food, clothing, and automobiles. Denote the quantities of these goods as Q1, Q2, and Q3. the individual’s utility function is given by:
u()=5lnQ1+4lnQ2+10ln(1+Q3) The prices of the three goods are:
P1=10 P2=20 P3=20000 and individuals total income is $60,000.
Automobiles must be bought in discrete units, that is, Q3 must be equal to 0, 1, or 2.
Given these constraints, how will an individual allocate their income to maximize utility.
Discuss the corner solution in inherent in this problem. 展开
u()=5lnQ1+4lnQ2+10ln(1+Q3) The prices of the three goods are:
P1=10 P2=20 P3=20000 and individuals total income is $60,000.
Automobiles must be bought in discrete units, that is, Q3 must be equal to 0, 1, or 2.
Given these constraints, how will an individual allocate their income to maximize utility.
Discuss the corner solution in inherent in this problem. 展开
推荐律师服务:
若未解决您的问题,请您详细描述您的问题,通过百度律临进行免费专业咨询