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Business, 26.02.2020 03:11 georgesarkes12

A young connoisseur has $600 to spend to build a small wine cellar. She enjoys two vintages in particular: a 2001 French Bordeaux (wF) at $40 per bottle and a less expensive 2005 California varietal wine (wC) priced at $8. If her utility is U(wF, wC)=wF^(2/3) wC^(1/3), then how much of each wine should she purchase?

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A young connoisseur has $600 to spend to build a small wine cellar. She enjoys two vintages in parti...

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