3. If the utility is given by U(X,Y)= X +4Y and px = 1, the indirect...

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Question

3. If the utility is given by U(X,Y)= X +4Y and px = 1, the indirect utility is given by PY I (a) 4py I (b) py 41 (c) рү 21 (

Answer 1

Answer #1

# U(X,Y) X +4Y Pe MRS. auron duby 2 4 Since MRS < Pa Po So Utility Fakinastion yonimization occur on Yo-aris il where x20 Bud

Answer 2

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