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Business, 04.01.2021 02:30 nnnnnhamilton7572

The Sons of Knute had a hunting lodge up on Loon Lake which burned down last winter. They plan to rebuild it this summer and are trying to decide how large the new lodge should be. The organization has 50 members. The marginal rate of substitution of each of them between square feet of hunting lodge and money for other goods is 1.2-.0004y where y is the size of the hunting lodge in square feet. What is the ecient size for the new hunting lodge?

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The Sons of Knute had a hunting lodge up on Loon Lake which burned down last winter. They plan to re...
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