Posted: 10/21/2010 12:41:48 AM EDT
| I am trying to figure out how to maximize utility subject to budget constraint. Good 1 is $3 per/unit, an Good 2 is $1 per unit. I have the total utility and marginal utility and marginal unit to price for each good. I have tried a table in my ti-89 and can't seem to get that to work. So I am hoping that someone here may be able to help me out. |
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Quoted:
I am trying to figure out how to maximize utility subject to budget constraint. Good 1 is $3 per/unit, an Good 2 is $1 per unit. I have the total utility and marginal utility and marginal unit to price for each good. I have tried a table in my ti-89 and can't seem to get that to work. So I am hoping that someone here may be able to help me out. Reading this caused a gag reflex similiar to holding down vomit after a night of binge drinking while taking a 200-level business finance exam back in college 
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