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Suppose That There Are Two Goods, X and Y

question 58

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Suppose that there are two goods, X and Y. The utility function is 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. The Hicksian demand curve for X for utility equal to 2,000 units is X = ____. A)  200P<sup>-(1/3) </sup> B)  20P<sup>-(1/3) </sup> C)  200P<sup>(1/3) </sup> D)  20P The price of Y is $2 per unit and the price of X is P. The Hicksian demand curve for X for utility equal to 2,000 units is X = ____.


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