The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y . Suppose that the utility function for two goods X and Y is given by U = x y 2 and a consumer purchases 9 units of X and 6 units of Y .

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Answer 1

Question

Chapter 14.1, Problem 31E

(a)

To determine

To calculate: The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(b)

To determine

To calculate: The number of units of Y must be purchased to retain the same level of utility if the consumer purchases 81 units of X. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(c)

To determine

To graph: The indifference curve for the utility level found in parts (a) and (b). Use the graph to confirm the answers to parts (a) and (b). Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

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Answer 2

Question

Chapter 14.1, Problem 31E

(a)

To determine

To calculate: The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(b)

To determine

To calculate: The number of units of Y must be purchased to retain the same level of utility if the consumer purchases 81 units of X. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(c)

To determine

To graph: The indifference curve for the utility level found in parts (a) and (b). Use the graph to confirm the answers to parts (a) and (b). Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

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Answer 3

Question

Chapter 14.1, Problem 31E

(a)

To determine

To calculate: The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(b)

To determine

To calculate: The number of units of Y must be purchased to retain the same level of utility if the consumer purchases 81 units of X. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(c)

To determine

To graph: The indifference curve for the utility level found in parts (a) and (b). Use the graph to confirm the answers to parts (a) and (b). Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

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Answer 4

Question

Chapter 14.1, Problem 31E

(a)

To determine

To calculate: The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(b)

To determine

To calculate: The number of units of Y must be purchased to retain the same level of utility if the consumer purchases 81 units of X. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(c)

To determine

To graph: The indifference curve for the utility level found in parts (a) and (b). Use the graph to confirm the answers to parts (a) and (b). Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

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Answer 5

Chapter 14.1, Problem 31E

(a)

To determine

To calculate: The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(b)

To determine

To calculate: The number of units of Y must be purchased to retain the same level of utility if the consumer purchases 81 units of X. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

(c)

To determine

To graph: The indifference curve for the utility level found in parts (a) and (b). Use the graph to confirm the answers to parts (a) and (b). Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

Answer 6

Chapter 14.1, Problem 31E

(a)

To determine

To calculate: The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

Answer 7

Chapter 14.1, Problem 31E

(a)

To determine

To calculate: The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

Answer 8

(b)

To determine

To calculate: The number of units of Y must be purchased to retain the same level of utility if the consumer purchases 81 units of X. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

Answer 9

(b)

To determine

To calculate: The number of units of Y must be purchased to retain the same level of utility if the consumer purchases 81 units of X. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

Answer 10

(c)

To determine

To graph: The indifference curve for the utility level found in parts (a) and (b). Use the graph to confirm the answers to parts (a) and (b). Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

Answer 11

(c)

To determine

To graph: The indifference curve for the utility level found in parts (a) and (b). Use the graph to confirm the answers to parts (a) and (b). Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

Answer 12

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Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 14.1 - CHECKPOINT 1. Find the domain of the function Ch. 14.1 - Prob. 1E Ch. 14.1 - Prob. 2E Ch. 14.1 - Prob. 3E Ch. 14.1 - Prob. 4E Ch. 14.1 - Prob. 5E Ch. 14.1 - Prob. 6E Ch. 14.1 - Prob. 7E Ch. 14.1 - Prob. 8E Ch. 14.1 - Prob. 9E

The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y . Suppose that the utility function for two goods X and Y is given by U = x y 2 and a consumer purchases 9 units of X and 6 units of Y .

Solution Summary: The author calculates that the number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units

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To calculate: The number of units of X must be purchased to retain the same level of utility if the consumer purchases 9 units of Y. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

To calculate: The number of units of Y must be purchased to retain the same level of utility if the consumer purchases 81 units of X. Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

To graph: The indifference curve for the utility level found in parts (a) and (b). Use the graph to confirm the answers to parts (a) and (b). Suppose that the utility function for two goods X and Y is given by U=xy2 and a consumer purchases 9 units of X and 6 units of Y.

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