A consumer of two goods, good 1 and good 2, has a utility function u (x1, x2) = x1 0.6. X2 0.4, where X1 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 rent of the consumer is 150 euros. Suppose that only the price of good 1 changes and that the new price is p1 '= 2. Then, the change in the quantity demanded of good 1 as a result of the change in the price of good 1 is Choose one: A) 27 B) 37 C) Not defined D) 17 E) 47
A consumer of two goods, good 1 and good 2, has a utility function u (x1, x2) = x1 0.6. X2 0.4, where X1 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 rent of the consumer is 150 euros. Suppose that only the price of good 1 changes and that the new price is p1 '= 2. Then, the change in the quantity demanded of good 1 as a result of the change in the price of good 1 is Choose one: A) 27 B) 37 C) Not defined D) 17 E) 47
Chapter1: Making Economics Decisions
Section: Chapter Questions
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8) A consumer of two goods, good 1 and good 2, has a utility function u (x1, x2) = x1 0.6. X2 0.4, where X1 denotes units of
good 1 and X2 units of good 2. The
of the consumer is 150 euros. Suppose that only the price of good 1 changes and that the new price is p1 '= 2.
Then, the change in the quantity demanded of good 1 as a result of the change in the price of good 1 is
Choose one:
- A) 27
- B) 37
- C) Not defined
- D) 17
- E) 47
Transcribed Image Text:Un consumidor de dos béns, bé 1 i bé 2, té una funció d'utilitat u(x,,X2)=x6-x4, on x, denota unitats de
bé 1ix2 unitats de bé 2. El preu del bé 1 és 5 euros per unitat, el preu del bé 2 és 3 euros per unitat i la renda
del consumidor és de 150 euros. Suposeu que només canvia el preu del bé 1 i que el nou preu és p =2.
Aleshores, la variació en la quantitat demandada de bé 1 com a consequència del canvi en el preu del bé 1 és
Trieu-ne una:
O a. 27
O b. 37
O c. No definida
O d. 17
O e. 47
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