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9 Sep 2018
3. Suppose that those in charge of this economy want to maximize the utility of the residents of the country, where utility can be computed according to the equation U=XY' The point on the PPF that will maximize the value of the output involves the production of how many units of X (rounding to two decimal places)? A) 0.58 B) 0.71 C)1 D) 1.41 E) 1.73 F) 2 G) 2.83 H)3 1) 3.46 J) 3.5 K)4 L) 4.24 M) 4.33 N) 5 0) 5.77 P) 6 Q) 6.67 R) 7 S) 8 T) 8.14 U) 9 V) 10 W) 12 X) none of the above
3. Suppose that those in charge of this economy want to maximize the utility of the residents of the country, where utility can be computed according to the equation U=XY' The point on the PPF that will maximize the value of the output involves the production of how many units of X (rounding to two decimal places)? A) 0.58 B) 0.71 C)1 D) 1.41 E) 1.73 F) 2 G) 2.83 H)3 1) 3.46 J) 3.5 K)4 L) 4.24 M) 4.33 N) 5 0) 5.77 P) 6 Q) 6.67 R) 7 S) 8 T) 8.14 U) 9 V) 10 W) 12 X) none of the above
Bunny GreenfelderLv2
10 Sep 2018
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