Utility granted by spending holidays domestically

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Suppose the utility granted by spending holidays domestically D and holidays in foreign countries F is represented by the utility function u(D,F)=10D*F. You have a budget of 4000 US-Dollars and a domestic holiday costs you 100 US-Dollars per day and a day abroad 400 US-Dollars per day. What is your utility-maximizing choose of days of D and F?

Reference no: EM131001211

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Utility granted by spending holidays domestically : Suppose the utility granted by spending holidays domestically D and holidays in foreign countries F is represented by the utility function u(D,F)=10D*F. You have a budget of 4000 US-Dollars and a domestic holiday costs you 100 US-Dollars per day and ..

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