The price of good y is py 2 fill in the table below which
Supose a consumer's utility function is U(X,Y) = X + 2Y. The consumer has $8 to spend (M = $8). The price of good Y is PY = $2. Fill in the table below which gives price/quantity combinations on the Demand Curve for Good X:
Px= 1/4
Px=1/2
Px=2
Px=4
Now Priced at $10 (50% Discount)
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supose a consumers utility function is uxy x 2y the consumer has 8 to spend m 8 the price of good y is py 2 fill in
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