Suppose the Consumer's Utility Function Is Given by U(x,y) = $M U _ { x } = \frac { y ^ { \frac { 3 } { 4 } } } { 4 x ^ { \frac { 3 } { 4 } } }$

question 33

Multiple Choice

Suppose the consumer's utility function is given by U(x,y) = x^1/4y^3/4 where $M U _ { x } = \frac { y ^ { \frac { 3 } { 4 } } } { 4 x ^ { \frac { 3 } { 4 } } }$ $M U _ { y } = \frac { 3 x ^ { \frac { 1 } { 4 } } } { 4 y ^ { \frac { 1 } { 4 } } }$ The equation for this consumer's demand curve for $x$ is

• A) \(x = \frac { I } { 2 P _ { x } }\)
• B) \(x = \frac { I } { 4 P _ { x } }\)
• C) \(x = \frac { I } { P _ { x } }\)
• D) \(x = \frac { 3 I } { 4 P _ { x } }\)