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Suppose U(x, y) = 4x2+ 3y2 1. Calculate ∂U/∂x, ∂U/∂y 2. Evaluate these partial derivatives at...

Suppose U(x, y) = 4x2+ 3y2

1. Calculate ∂U/∂x, ∂U/∂y

2. Evaluate these partial derivatives at x= 1, y= 2

3. Calculate dy/dx for dU= 0, that is, what is the implied trade-off between x and y holding U constant?

4. Show U= 16 when x= 1, y= 2.

5. In what ratio must x and y change to hold U constant at 16 for movements away from x= 1, y= 2?

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Answer #1

B) ucxı4) = 4x2 +342 -1.) aulax=8x, aulay=64 2) at x =1, Y=2, 24 = 8, 04 - 12 3.) du=0 then 4 (2x) dx + Gydy =o Gydy = – 8xdx

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Suppose U(x, y) = 4x2+ 3y2 1. Calculate ∂U/∂x, ∂U/∂y 2. Evaluate these partial derivatives at...
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