Derive consumer's budget constraint ii) Derive the marginal utility X and marginal utility Y iii) Find out the consumer optimum combination of good X and Y at the market
Derive consumer's budget constraint ii) Derive the marginal utility X and marginal utility Y iii) Find out the consumer optimum combination of good X and Y at the market
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 2P
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Question
i) Derive consumer's budget constraint
ii) Derive the
iii) Find out the consumer optimum combination of good X and Y at the market.
![A consumer's Total Utility Function of two goods X and y are as follows:
TUx=50x-5x2
TUy=32y-4y?
Price of X=Rs.5
Price of y: Rs.8
Conoumor
poomo: 120](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5083ae6f-a3b7-4c62-abc9-dbfa2a2ced3f%2Ffabee799-efda-4055-a6be-761ecc72f760%2Fxnj16r_processed.png&w=3840&q=75)
Transcribed Image Text:A consumer's Total Utility Function of two goods X and y are as follows:
TUx=50x-5x2
TUy=32y-4y?
Price of X=Rs.5
Price of y: Rs.8
Conoumor
poomo: 120
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