A Consumer Has U = X⁰

question 118

Essay

A consumer has U = X^0.5Y^0.5 for a utility function, with MU_x = 0.5 X^-0.5Y^0.5 and MU_y = 0.5 X^0.5Y^-0.5. If she has income of $100, the price of X is $5, and the price of Y is $10, this consumer will use _____units of X and _____units of Y in equilibrium.

---

Definitions:

Firewall

A part of a vehicle's body or a computer system designed to block unauthorized access while allowing authorized communications.

Steering Angle Sensor

A sensor that measures the angle of the steering wheel and the rate at which it is turned, providing vital data for vehicle stability and steering systems.

Lateral-Acceleration Sensor

A sensor that detects the side-to-side acceleration of a vehicle, often used in stability control systems.

Yaw Sensor

A device in vehicles that detects the rotational movement around the vertical axis, critical for stability and traction control systems.