HW chap 6-12

9

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Unformatted text preview: on Y? http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie wSingle 1/5 1/22/2014 Assignme nt Pr int Vie w Instructions: Enter the absolute value. $9 What is Esther's utility when her daily income is $20, the price of X is $4 per unit, and the price of Y is $4 per unit? Instructions: Enter your answer as a whole number. 9 Suppose Esther is given an additional $24 such that her new income is $44, the price of X is $4, and the price of Y is $4. What is her new consumption bundle? Instructions: Enter your answers as whole numbers. X = 5 Y = 6 What is Esther's utility when her daily income is $44, the price of X is $4 per unit, and the price of Y is $4 per unit? Instructions: Enter your answer as a whole number. 36 When Esther's income is $20, the price of X is $4, and the price of Y increases from $1 to $4, what is the uncompensated total change in Y? Instructions: Enter the absolute value. 9 What is the substitution effect on Y when the price of Y increases from $1 to $4? Instructions: Enter the absolute value. 6 What is...
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