Two Consumers Jim and Pam Both Have Opera Tickets and Movie

question 52

Multiple Choice

Two consumers Jim and Pam both have opera tickets and movie tickets.They wish to exchange tickets with each other.Jim's utility function can be expressed as And Pam's as
If you take maximizing Pam's utility as the objective function there are how many constraints to be accounted for?

• A)1
• B)2
• C)3

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