Microeconomics: Principles and Policy (MindTap Course List)
Microeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN: 9781305280618
Author: William J. Baumol, Alan S. Blinder
Publisher: Cengage Learning
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Chapter 4, Problem 2DQ
To determine

(a)

The effects of rent ceilings on the market for apartments.

To determine

(b)

The effects of the price floor in the market for wheat.

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Problema 4 (20 puntos): Supongamos que tenemos un ingreso de $120 y enfrentamos los precios P₁ =6 y P₂ =4. Nuestra función de utilidad es: U(x1, x2) = x0.4x0.6 a) Planteen el problema de optimización y obtengan las condiciones de primer orden. b) Encuentren el consumo óptimo de x1 y x2. c) ¿Cómo cambiará nuestra elección óptima si el ingreso aumenta a $180?
Please draw the graph for number 4 and 5, I appreciate it!!
not use ai please
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