Discuss about indifference curve for maximum utility

Reference no: EM131801618

Question: Utility suppose that the utility function for two commodities is given by U = x - y³, and the budget constraint is 10x + 15y = 250. Find the values of x and y that maximize utility. Check by graphing the budget constraint with the indifference curve for maximum utility and with two other indifference curves.

Reference no: EM131801618

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