Answer to Question #277937 in Microeconomics for Ala Ana

Question

Give the utility function U (x1, x2) = a * x2 * x1 + x1 where x1 and x2 conditions quantities consumed of two goods a = number letters surname last name / number letters first first name. It is known that the vector of the best unit prices of the two goods is (3 2) and the consumer's income is 1800 p.m.

 Q. Determine the function of uncompensated demand for both goods. What happens to the consumer's utility if his income increases by 1 p.m. 

Answer 1

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