Economics homework help

Posted on 2014-02-25 11:59:00 in Economics by K SHAW

Bob is awake for 15 hours a day and divides that time between hours of

exercise, x, and hours of study, s. Bob's utility function is

u(x; s) = 2 ln x + s:

(i) What is Bob's time \budget constraint"?

(ii) What is Bob's marginal utility of exercise?

(iii) What is Bob's marginal utility of study?

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