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Ma3. Please give only typed answer. micro economics 1)U=2x+2y where px/py=1/4 use indirect utility to express the expenditure funtion 2)C=Q^2+4Q where Q=14-P find optimal quantity sold and find price

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Ma3.

Please give only typed answer.

micro economics

1)U=2x+2y

where px/py=1/4

use indirect utility to express the expenditure funtion

2)C=Q^2+4Q

where Q=14-P

find optimal quantity sold and find price

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