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3. Joey's utility over two goods is given by = + , with marginal utilities given by = 1 and=1. 2 (a) Derive Joey's demand

3. Joey's utility over two goods is given by = + , with marginal utilities given by = 1 and=1.

2

(a) Derive Joey's demand for x as a function of the prices, Px and Py. (b) Derive Joey's demand for y as a function of the prices and income, I. Is y a normal good?

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