g) What is the optimal number of episodes of show 1 for Jeff to watch? h) What is the optimal number of episodes of show 2 for Jeff to watch? For parts (i-j), suppose that a = 6. i) What is the optimal number of episodes of show 1 for Jeff to watch? j) What is the optimal number of episodes of show 2 for Jeff to watch?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterA: The Use Of Mathematics In Principles Of Economics
Section: Chapter Questions
Problem 1RQ: Exercise A1 Name three kinds of graphs and briefly state when is most appropriate to use each type...
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For parts (g-h), suppose that a = 2.
g) What is the optimal number of episodes of show 1 for Jeff to watch?
h) What is the optimal number of episodes of show 2 for Jeff to watch?
For parts (i-j), suppose that a = 6.
i) What is the optimal number of episodes of show 1 for Jeff to watch?
j) What is the optimal number of episodes of show 2 for Jeff to watch?
Transcribed Image Text:For parts (g-h), suppose that a = 2. g) What is the optimal number of episodes of show 1 for Jeff to watch? h) What is the optimal number of episodes of show 2 for Jeff to watch? For parts (i-j), suppose that a = 6. i) What is the optimal number of episodes of show 1 for Jeff to watch? j) What is the optimal number of episodes of show 2 for Jeff to watch?
There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. x₁ measures the number of
episodes watched of Show 1 and x2 measures the number of episodes watched of Show 2. Jeff's
preferences can be represented by u(x₁, x₂) = x² + ax². Jeff has 5 hours available for watching Netflix
today. Each episode of Show 1 lasts 30 minutes, while each episode of Show 2 lasts one hour. For all
question parts, round to three decimal places if necessary.
Transcribed Image Text:There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. x₁ measures the number of episodes watched of Show 1 and x2 measures the number of episodes watched of Show 2. Jeff's preferences can be represented by u(x₁, x₂) = x² + ax². Jeff has 5 hours available for watching Netflix today. Each episode of Show 1 lasts 30 minutes, while each episode of Show 2 lasts one hour. For all question parts, round to three decimal places if necessary.
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