Suppose the Consumer's Utility Function Is Given by U(x,y) = $\frac { I } { 2 P _ { y } }$

question 29

Multiple Choice

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 y when I < P_x is

• A) y^d = 0
• B) y^d = \(\frac { I } { 2 P _ { y } }\)
• C) y^d = \(\frac { I } { P _ { y } }\)
• D) y^d = 1/2

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