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2. Ryan's preferences are represented by u(x,y) = 3x + 3y. a. Derive Ryan's demand function for good y. Show all your work. (10 points)
2. Ryan's preferences are represented by u(x,y) = 3x\" + 3y\". a. Derive Ryan's demand function for good y. Show all your work. (10 points) b. Does goody follow the law of demand? Mathematically justify using a derivative. (5 points) 0. 15 good X normal, inferior or income neutral? Mathematically justify using a derivative. (5 points) d. Are X and Ycomplements, substitutes, or unrelated goods? Mathematically justify using a derivative. (5 points)
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