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Suppose the Consumer's Utility Function Is Given by U(x,y) = MUx=y344x34M U _ { x } = \frac { y ^ { \frac { 3 } { 4 } } } { 4 x ^ { \frac { 3 } { 4 } } }

Question 33

Multiple Choice

Suppose the consumer's utility function is given by U(x,y) = x1/4y3/4 where MUx=y344x34M U _ { x } = \frac { y ^ { \frac { 3 } { 4 } } } { 4 x ^ { \frac { 3 } { 4 } } } MUy=3x144y14M U _ { y } = \frac { 3 x ^ { \frac { 1 } { 4 } } } { 4 y ^ { \frac { 1 } { 4 } } } The equation for this consumer's demand curve for xx is


A) x=I2Pxx = \frac { I } { 2 P _ { x } }
B) x=I4Pxx = \frac { I } { 4 P _ { x } }
C) x=IPxx = \frac { I } { P _ { x } }
D) x=3I4Pxx = \frac { 3 I } { 4 P _ { x } }

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