HW chap 6-12

# 9

This preview shows page 1. Sign up to view the full content.

This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

Ask a homework question - tutors are online