Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
Question 1. Assume that 2 roommates share an apartment. Each roommate can spend his/her time by either studying or cleaning the apartment. Both roommates value higher grades and a cleaner apartment. A roommates’ grade is increasing in how much he/she spends time on studying. The cleanliness of the apartment depends on the total time that the two roommates spend on studying. Hence the preferences of roommate 1 can be depicted by a utility function U(G1+G2, X1) where G1 is the time that roommate 1 spends on cleaning the apartment, G2 is the time roommate 2 spends on cleaning the apartment, and X1 denotes the time that roommate 1 spends on studying. Similarly, the preferences of roommate 2 can be depicted by a utility function U(G1 + G2, X2), where G1 + G2 again denotes the total time that the two roommates spend on cleaning the apartment and X2 denotes the time that roommate 2 spends on studying. Assume now that the utility function of roommate 1 is given by U (G1 + G2, X1) = (G1 + G2) X1 + 0 x X1,and that the utility function of roommate 2 is given byU (G1 + G2, X2) = (G1 + G2) X2 + 0 x X2,Furthermore, assume that the total time that each roommate has at his/her disposal is 20 hours.Solve for the best-response function of roommate 1
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more