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    online user's objective function

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    Utility Maximizer. See attached file for full problem description.

    © BrainMass Inc. brainmass.com October 9, 2019, 6:52 pm ad1c9bdddf
    https://brainmass.com/economics/managerial-economics/online-users-objective-function-100809

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    The average online user's objective function is:
    Max U = Uc + Ub = Bc*Tc3/4 + Bb*Tb3/4
    where subscripts "c" for communication and "b" for browsing.
    The constraint is Tc + Tb = 2.5
    Then the lagrangian function is:
    L= Bc*Tc3/4 + Bb*Tb3/4 + λ(2.5 - Tc - Tb)
    The first order condition is:
    (1) dL / dTc = 3/4 Bc Tc-1/4 - λ = 0 or 3/4 Bc Tc-1/4 = ...

    Solution Summary

    The average online user's objective function is featured. Utility maximizer descriptions are determined.

    $2.19