Calculates the consumption level that maximizes utility.
Author: shiroeExecutions: 2692
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Enter the numerator and denominator for the exponents of M, Px, Py, x, and y.
Enter positive numbers for M, Px, and Py.
Enter positive numbers for M, Px, and Py.
| Quantity of Asset X | |
| Quantity of funds |
Ver. R4 (2022). 12/07 (Wed)_001
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Consider a utility function U = (X^a) * (Y^b) and a budget constraint M = Px * x + Py * y. (* denotes multiplication.)
Enter a and b as fractions.