Donald Consumes Goods X and Y

question 8

Multiple Choice

Donald consumes goods x and y.His utility function is U(x, y) =xy³.He is endowed with 43 units of x and 7 units of y.The price of x is $1 and the price of y is $3.Find his net demand for x.

• A)-27
• B)18
• C)-30
• D)-20
• E)59

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