Maurice has the following utility function: U (X Y) = 20X+80Y-X^2-2Y^2, where X is his consumption of CDs with a price of $1 and Y is his consumption of movie videos, with a rental price of $2. He plans to spend $41 on both forms of entertainment. Determine the number of CDs and video rentals that will maximize Maurice's utility?
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Home » Business » Maurice has the following utility function: U (X Y) = 20X+80Y-X^2-2Y^2, where X is his consumption of CDs with a price of $1 and Y is his consumption of movie videos, with a rental price of $2. He plans to spend $41 on both forms of entertainment.