FenderBender12
Junior Member
So I'm trying to maximize Utility given U=10x^.25y^.75
Px = 2
Py = 2
Income = 100
So my cells look like this
U=formula above across the cells
A=10
x= endogenous variable
alpha = .75
y = endogenous
beta = .25
so basically using solver I put the U cell for max by changing cells x and y (the two end. variables) but I'm stuck on one little thing. The budget constraint. Now, the budget constraint NEEDS to be able to be adjustable (I have it setup so that it can be) so that I can simply drop the prices of x and y in their native cells so I can quickly figure out max U when the prices change.
ANY help at all would be greatly appreciated!
Px = 2
Py = 2
Income = 100
So my cells look like this
U=formula above across the cells
A=10
x= endogenous variable
alpha = .75
y = endogenous
beta = .25
so basically using solver I put the U cell for max by changing cells x and y (the two end. variables) but I'm stuck on one little thing. The budget constraint. Now, the budget constraint NEEDS to be able to be adjustable (I have it setup so that it can be) so that I can simply drop the prices of x and y in their native cells so I can quickly figure out max U when the prices change.
ANY help at all would be greatly appreciated!
