4.) Given the following information: utility function is U(x,y)=〖4x〗^0.5 y^0.5 , price of good X is N$5, the price of good Y is N$10 and the consumer income N$400.
What is the level of quantity demanded of good Y when the price of good X decreases to N$2.5 while the price of good Y remains at N$10? Let us assume good X is on the x-axis.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment