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Mothukuri Chapter 4 Problem 8 1 Start

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Problem 8-1 Use a cell reference or a single formula where appropriate in order to receive full cre paste values or type values, as you will not receive full credit for your answers. Lucy has just been promoted to a managerial position and given a new office. She is very f carpets and Native American paintings and wants to get some carpets and paintings for her function for carpets (x) and paintings (y) is given by U=sqrt(XY). Find the values of y whe for x-values of 1, 2, 4, and 8. U1 U2 x 1 2 4 8 = = 4 6 y1 y2 16 8 4 2 36 18 9 5 Use Excel to draw an indifference curve for U = 4 and another one for U = 6, whe curves contain 1, 2, 4, and 8 carpets on a graph with carpets on the horizontal axis vertical axis. No. of Paintings (y) Indifference Curves for Persian Carpets and Native American Paintings 40 35 30 25 20 15 10 5 0 0 1 2 3 4 5 No. of Carpets (x) y1 y2 6 7 8 9 to receive full credit. Do not copy and ur answers. office. She is very fond of small Persian nd paintings for her office. Her utility the values of y when U = 4 and when U = 6 one for U = 6, where both indifference n the horizontal axis and paintings on the Project Description: In this problem, you will calculate the number of paintings with known utility and the given set of n carpets. You will also draw indifference curves for different values of utility. Steps to Perform: Step 1 2 3 4 5 Project Description: In this problem, you will calculate the number of paintings with known ...
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