2) A consumer’s utility function is u(x,y)=-1/3x^3 - 1/y (a) Find the consumer’s optimal choice for...

Question

Question

2) A consumer’s utility function is

u(x,y)=-1/3x^3 - 1/y

(a) Find the consumer’s optimal choice for x as a function of income I and prices px,py.

business economics

Answer 1

Answer #1

3X3 Y ou lby 4 Py 2 서 thus

Answer 2

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