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Suppose That There Are Two Goods, X and Y

Question 46

Multiple Choice

Suppose that there are two goods, X and Y. The utility function is Suppose that there are two goods, X and Y. The utility function is The price of Y is $1 per unit and the price of X is P. The Hicksian demand curve for X for utility equal to 50,000 units is X = ____. A) 100P<sup>-0.5</sup> B) 10P<sup>-0.5</sup> C) 100P<sup>0.5</sup> D) 10P The price of Y is $1 per unit and the price of X is P. The Hicksian demand curve for X for utility equal to 50,000 units is X = ____.


A) 100P-0.5
B) 10P-0.5
C) 100P0.5
D) 10P

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