Chapter 4 Problem 8 1 Excel Homework

Use a cell reference or a single formula where appropriate in order to receive full credit. Do not copy and 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 fond of small Persian carpets and Native American paintings and wants to get some carpets and paintings for her office. Her utility function for carpets (x) and paintings (y) is given by U=sqrt(XY). Find the values of y when U = 4 and when U = 6 for x-values of 1, 2, 4, and 8.

Attached the excel file.

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