Suppose the consumer's utility function is given by U(x,y) = xy + y where MU_x = y MU_y = x+1
The equation for this consumer's demand curve for $x$ when I < P_x is

Question

Suppose the consumer's utility function is given by U(x,y) = xy + y where MU_x = y MU_y = x+1 The equation for this consumer's demand curve for $x$ when I < P_x is A) x^d = 0 B) x^d = $\frac { I } { 2 P _ { x } }$ C) x^d = $\frac { I } { 2 P _ { x } }$ -$\frac { 1 } { 2 }$ D) x^d = 1/2

Quizplus · Accepted Answer

The Answer of Suppose the consumer's utility function is given by U(x,y) = xy + y where MU_x = y MU_y = x+1 The equation for this consumer's demand curve for $x$ when I < P_x is A) x^d = 0 B) x^d = $\frac { I } { 2 P _ { x } }$ C) x^d = $\frac { I } { 2 P _ { x } }$ -$\frac { 1 } { 2 }$ D) x^d = 1/2

Suppose the Consumer's Utility Function Is Given by U(x,y) = xxx

Suppose the Consumer's Utility Function Is Given by U(x,y) = $x$