A consumer of two goods, good 1 and 2, has a utility function U (X1, X2)= X1 0,6. X2 0,4, where x, denotes units of good 1 and X2 units of good 2. The price of good 1 is 5 euros per unit, the price of good 2 is 3 euros per unit And the consumer's income is 150 euros. Suppose it only changes the price of good 1 / that the new price is P, "= 2. Then, Slutsky's rendering respect for good 1 is Choose one: A) 16.2 B) Not defined C) 17.2 D) 18.2

ENGR.ECONOMIC ANALYSIS
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4) A consumer of two goods, good 1 and 2, has a utility function U (X1, X2)= X1 0,6. X2 0,4, where x, denotes units of good 1 and X2 units of good 2. The price of good 1 is 5

euros per unit, the price of good 2 is 3 euros per unit And the consumer's income is 150 euros. Suppose it only changes the price of good 1 / that the new

price is P, "= 2.

Then, Slutsky's rendering respect for good 1 is

Choose one:

  1. A) 16.2
  2. B) Not defined
  3. C) 17.2
  4. D) 18.2
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