Suppose that there are two goods, X and Y. The utility function is 
The price of Y is $2 per unit and the price of X is P. Derive the Hicksian demand curve for X for utility equal to 2,000 units.
Definitions:
Consumer
Someone who buys or leases real estate, goods, or services for personal, family, or household purposes.
Good Faith
A principle emphasizing honesty and sincerity in dealings, particularly in legal contracts or negotiations, without any intention to deceive or commit fraud.
Depositary Bank
A financial institution that holds securities for investors, managing dividend and interest payments.
Collection
The process of pursuing payments of debts owed by individuals or businesses.
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