4) Ok a given day during study leave period for the final examination student Spends revising course materials (c) and enjoying his face book (b) according to the utility function (c and b are measured in hours) U(c,b) = 20 c-2+ 18 b-3 b2 (aHow many hours will he spend on each activity a day if there is not any time constraint? (b) Lately, however, he has been advised by his personal tutor that he may spend total of 17 hours a day on two activities (i.e. c+ b 17). Under %3D these circumstances how many hours will he allocate on each activity a day?

4) Ok a given day during study leave period for the final examination student Spends revising course materials (c) and enjoying his face book (b) according to the utility function (c and b are measured in hours) U(c,b) = 20 c-2+ 18 b-3 b2 (aHow many hours will he spend on each activity a day if there is not any time constraint? (b) Lately, however, he has been advised by his personal tutor that he may spend total of 17 hours a day on two activities (i.e. c+ b 17). Under %3D these circumstances how many hours will he allocate on each activity a day?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 3SQP

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