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For the utility function U = (Qx0.5+Q,0.5)2 and the budget 167 = 10Qx+8Qy find the CHANGE in optimal consumption of X if the price of X increases by a factor of 1.3. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 1.2, 1.14 = 1.1).

For the utility function U = (Qx0.5+Q,0.5)2 and the budget 167 = 10Qx+8Qy find the CHANGE in optimal consumption of X if the price of X increases by a factor of 1.3. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 1.2, 1.14 = 1.1).

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For the utility function U = (Qx0.5+Q,0.5)2 and the budget 167 = 10Qx + 8Qy find the CHANGE in optimal consumption of X if the price of X increases by a factor of 1.3. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 = 1.1).
Transcribed Image Text:For the utility function U = (Qx0.5+Q,0.5)2 and the budget 167 = 10Qx + 8Qy find the CHANGE in optimal consumption of X if the price of X increases by a factor of 1.3. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 = 1.1).
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