Answer:
21 matches
Step-by-step explanation:
This is a combination problem where we have to select two member out of 7 members
So we want calculation of 7C2
7C2 = 7!/[(2!)(7-2)!]
(7*6*5*4*3*2*1)/[(2*1) *(5*4*3*2*1]
(7*6)/2 ~ Note everything that easily cancels here!
42/2
21 matches
Answer:
2 units of X and 5 units of Y
Step-by-step explanation:
(a) Utility is maximized when (MUx / Price of X) = (MUy / Price of Y)
This condition holds for the following cases
1. X = 4 (MUx / Px = 8 / 4 = 2) and Y = 6 (MUy / Px = 4 / 2 = 2)
2. X = 2 (MUx / Px = 16 / 4 = 4) and Y = 5 (MUy / Px = 8 / 2 = 4)
For the first case Total cost = 4 x $4 + 6 x $2 = $(16 + 12) = $28 (Budget is exceeded).
In the second scenario, Total cost = 2 x $4 + 5 x $2 = $(8 + 10) = $18 (budget is exhausted).
Optimal case contains X = 2 units, Y = 5 units.
If you would like to know which of the following best describes the solution to the given set of equations, you can calculate this using the following steps:
<span>y = 4x + 8
y = 4x + 2
</span><span>___________________
</span>y = y
4x + 8 = 4x + 2
8 = 2
The correct result would be: No solution<span>.</span>
