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4. Assume a utility function described by u(x,y)=2/xy. a. Given the utility function, u(x,y)=2xy, sketch the indifference cur

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S Date: Page No. U=72 U=98 98 Page! u(x,y) = 2 5xy ay U=50 50=25xy 72 = 2 sky 98 = Rvky 25 = xy 9 = say 6-xy = y = 1290 y dyPage 2 Y lage No U=98 U:72 U=50 X b) 5x+10y = 30 X interupt (keeping Y=0) y interupt (Keeping x=0) . 6. 3 3 Budget line Эх 0Date : 7 Page No. Page 3 MUX = OU Ź 놀 x ty MUY = OU = dy Py = 10 1,1 18 so, 50 X Х 2 or x = y= Putting x=2y x= 2y in budget l

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