You are provided of the following demand function: Qxd 10,000 - %3D 4PX + 5PY + 2M + Al where PX is the price of X, PY is the price of good Y, M is income, and Al is the amount of advertising on X. Suppose the present price of good X is $50, PY = $100, M = $25,000, and Al = 1,000 units. What is the quantity demanded of good X? *

You are provided of the following demand function: Qxd 10,000 - %3D 4PX + 5PY + 2M + Al where PX is the price of X, PY is the price of good Y, M is income, and Al is the amount of advertising on X. Suppose the present price of good X is $50, PY = $100, M = $25,000, and Al = 1,000 units. What is the quantity demanded of good X? *

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter6: Demand Relationships Among Goods

Section: Chapter Questions

Problem 6.4P

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7 Asen tries to minimize his cost of using two goods x subscript 1 end subscript and x subscript 2 end subscript. The price of the first good is BGN 12 and the second good BGN 8. His utility function is x subscript 1 superscript 3 divided by 5 end superscript x subscript 2 superscript 2 divided by 5 end superscript and the utility he will get from using both goods, is 32 units. Find the Hicks quantities demanded and what Assen's minimum budget must be to consume these quantities and obtain the above utility. e-412, h2=21, h1=21 e=416, h2=21, h1=21 e=640, h1=32, h2=32 e=422, h2=21, h1=21 e=378, h2=21, h1=21 e-378, h2=20, h1=20 another answer e-378, h2=24, h1=24
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Hi, I need some help with the attached question. It is taken from an optimisation problem set in my intermediate maths for economists course.
which one is correct?