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Unformatted text preview: of her demand for good Y starting with these prices and income?
1 At what price for good Y is Esther's expenditure on good Y largest?
At all positive prices of Y
c. Suppose the price of good Y rises to $4 per unit. What is her new consumption bundle? Instructions: Enter your answers as whole numbers. X = 2 Y = 3 What is the total uncompensated change on Y? 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?
http://e z to.mhe c loud.mc gr a w hill.c om/hm.tpx? todo= pr intvie wSingle 3/5 1/22/2014 Assignme nt Pr int Vie w 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 th...
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This note was uploaded on 01/22/2014 for the course ECO 3352 taught by Professor Ax during the Fall '13 term at Troy.
 Fall '13
 AX
 Utility

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