How many doughnuts will you consume

Reference no: EM13210198

You work on a doughnut farm--you grow doughnuts. In each period, you are able to grow 20 doughnuts. If you go to the coffee & doughnut exchange, you may buy and sell doughnuts for $1 each, and buy and sell coffee for $2 each.if your objective is to maximize the utility function U(C,D)=(C^2)*(D^2), how many doughnuts will you consume? (remember, you start with 20 doughnuts which you can buy/sell for $1 each. You can buy/sell coffee for $2 each). explain

Reference no: EM13210198

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