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Suppose the Consumer's Utility Function Is Given by U(x,y) =

Question 5

Multiple Choice

Suppose the consumer's utility function is given by U(x,y) = xy + y where MUx = y MUy = x+1
The equation for this consumer's demand curve for y when I < Px is


A) yd = 0
B) yd = Suppose the consumer's utility function is given by U(x,y) = xy + y where MU<sub>x</sub> = y MU<sub>y</sub> = x+1 The equation for this consumer's demand curve for y when I < P<sub>x</sub> is A) y<sup>d</sup> = 0 B) y<sup>d</sup> = C) y<sup>d</sup> = D) y<sup>d</sup> = 1/2
C) yd = Suppose the consumer's utility function is given by U(x,y) = xy + y where MU<sub>x</sub> = y MU<sub>y</sub> = x+1 The equation for this consumer's demand curve for y when I < P<sub>x</sub> is A) y<sup>d</sup> = 0 B) y<sup>d</sup> = C) y<sup>d</sup> = D) y<sup>d</sup> = 1/2
D) yd = 1/2

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