How many cigars and brandy does he consume per night

Reference no: EM13692645

Every evening, J.P. enjoys smoking cigars (c) and drinking brandy (b), according to the function:

U(b, c) = 20c – c 2 + 18b - 3b 2.

(a) How many cigars and brandy does he consume per night? (Money is no object!)

(b) What if J.P.'s doctor tells him that he should limit his consumption of (the sum of) cigars and brandy to 5 per night. If he follows this advice, how many glasses of brandy and cigars will he now consume?

Reference no: EM13692645

Questions Cloud

Build a very straightforward and fully functional machine : Build a very straightforward and fully functional machine learning classifier with the K-Nearest Neighbor (KNN) algorithm. The KNN model will read a set of data specified by the user, decide the appropriate class of the new instance, and finally o..

Determine the classification of the lease for us gaap : Determine the classification of the lease for US GAAP? Does the classification differ for IFRS? If so, why? Provide comments where any judgment by CCI's management would be necessary.

Lagging indicators and unemployment rate the price of gold : Economists argue at what point of the Business Cycle our country is now situated. Utilizing the concepts of leading, coincident and lagging indicators and Unemployment rate the price of gold and oil is rapidly raising and gasoline is often over $4.00..

How much will energy maxs payment drop with the new loan : Energy Max engineering constructed a small office building for their firm 5 years ago. They financed it with bank loan for $450000 over 15 years at 6% interest with quarterly payment and compounding. The loan can be refinanced through an insurance fi..

How many cigars and brandy does he consume per night : How many cigars and brandy does he consume per night? (Money is no object!) What if J.P.'s doctor tells him that he should limit his consumption of (the sum of) cigars and brandy to 5 per night. If he follows this advice, how many glasses of brandy a..

Credit card companies are readjusting interest rates : Credit card companies are readjusting interest rates and the amount of annual fees. Should this be allowed or should the Government limit the discretion of the credit card companies. How should the Federal Reserve Bank exercise its authority in this ..

Production possibilities curve is on the curve : If the country whose production possibilities curve is on the curve at the bottom and wishes to move to a position further up on the curve, it will: Find this impossible to achieve given the resources it currently possesses.

Price elasticity of demand for cigarettes more time elapses : A study reported that a 10% increase in the price of cigarettes would reduce consumption by 4% in the short-run and by 7.5% in the long-run. Based on these estimates, what happens to the price elasticity of demand for cigarettes as more time elapses ..

Ethical Dilemma : Ethical Dilemma: How would you describe Wal Mart's impact on local economies and communities, and how far should "corporate social responsibility apply?

User Account

All Pages