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Category > Economics Posted 05 Jun 2017 My Price 4.00

U(X; Y )

Suppose U(X; Y ) = aX + bY where a > 0; b > 0: MUX = a and MUY = b

a) Derive demand functions for X and Y: Show your work.

b) Graph demand for X at I = 100; pY = 1, a = 2; b = 1:

Answers

(15)
Status NEW Posted 05 Jun 2017 07:06 AM My Price 4.00

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