Service industry production line approach or self-serve

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Reference no: EM1320158

Q. Luigi has utility function U=5XY. His income is 100, the price of X is 5 also the price of Y is 2.

a. Illustrate what is the budget constraint?

b. Illustrate what is the Lagrange function?

c. Take the derivatives of the Lagrange also set them equal to zero.

d-Illustrate what is the demand of X also Y (as a function of Px also Py?) Make sure to Elucidate how your algebra.

Q. Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus (personal attention)?

Reference no: EM1320158

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