A community for students.
Here's the question you clicked on:
← 55 members online
 0 viewing
Creych
 one year ago
U(x,y)=xy^2 MUx=y^2, MUy=2xy
Price per unit of good A=2 and for B=4.
Income is 1200.
How to calculate optimal quantity of good A and good B for this consumer?
Creych
 one year ago
U(x,y)=xy^2 MUx=y^2, MUy=2xy Price per unit of good A=2 and for B=4. Income is 1200. How to calculate optimal quantity of good A and good B for this consumer?

This Question is Open

surjeet
 one year ago
Best ResponseYou've already chosen the best response.0MU of x / MU of y = Y/ 2x this should be equal to price ratio P of x / P of y = 1 / 2
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.