Question

Consider the following consumer utility maximization​ problem: ModifyingBelow max With x comma y left parenthesis 4 plus x right parenthesis left parenthesis 2 plus y right parenthesismaxx,y (4+x)(2+y) s.t. 5 x plus 18 y less than or equals 2315x + 18y ≤ 231 x greater than or equals 0 comma y greater than or equals 0x≥0, y≥0 a. Identify the following elements of the​ consumer's problem​ (Note: I am not asking you to​ "solve" this​ problem, but to tell me what each of the following are equal to in the​ consumer's problem​ above): u left parenthesis x comma y right parenthesis equalsu(x,y) =left parenthesis 4 plus x right parenthesis left parenthesis 2 plus 7 right parenthesis(4+x)(2+7) Upper P Subscript x Baseline equalsPx =11 Upper P Subscript y Baseline equalsPy =11 Upper I equalsI =231231 b. The budget constraint holds with equality because which assumption is​ satisfied? A. Completeness B. Transitivity C. Strong Monotonicity​ (more is​ better) D. Convexity​ (diminishing marginal rate of​ substitution)

Answer 1

Step-by-step explanation:

17 divided by 68 is 112 so in that cace the dinosars did not kill the jews