Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=GPB Her marginal utility for green goods is MU, = 2GB Her marginal utility for brown goods is MUR=G Question 6 of 20 Write down the tangency condition that you need to find Anna's optimal consumption Maximum number of characters (including HTML tags added by text editor): 32,000 Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=GPB Her marginal utility for green goods is MUG = 2GB Her marginal utility for brown goods is MUR=G? Question 7 of 20 Find Anna's demand for brown goods expressed in terms of exogenous parameters Maximum number of characters (including HTML tags added by text editor): 32,000 Part 2 of 3 - Demand Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=GB Her marginal utility for green goods is MUG = 2GB Her marginal utility for brown goods is MUB=G? Question 8 of 20 Find all the prices (if any) that would lead Anna to choose a corner solution. Maximum number of characters (including HTML tags added by text editor): 32,000 Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=G-B Her marginal utility for green goods is MUG = 2GB Her marginal utility for brown goods is MUR=G? Question 9 of 20 ? Mark all that apply: For Anna, brown goods are A. Normal goods B. Inferior goods C. Giffen goods D. There is not enough information to answer Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=GPB Her marginal utility for green goods is MUG = 2GB Her marginal utility for brown goods is MUB=G? Question 10 of 20 The (price) elasticity of Anna's demand for brown goods is A. Positive B. Negative C. Zero D. There is not enough information to answer Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=GPB Her marginal utility for green goods is MU, = 2GB Her marginal utility for brown goods is MUR=G Question 6 of 20 Write down the tangency condition that you need to find Anna's optimal consumption Maximum number of characters (including HTML tags added by text editor): 32,000 Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=GPB Her marginal utility for green goods is MUG = 2GB Her marginal utility for brown goods is MUR=G? Question 7 of 20 Find Anna's demand for brown goods expressed in terms of exogenous parameters Maximum number of characters (including HTML tags added by text editor): 32,000 Part 2 of 3 - Demand Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=GB Her marginal utility for green goods is MUG = 2GB Her marginal utility for brown goods is MUB=G? Question 8 of 20 Find all the prices (if any) that would lead Anna to choose a corner solution. Maximum number of characters (including HTML tags added by text editor): 32,000 Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=G-B Her marginal utility for green goods is MUG = 2GB Her marginal utility for brown goods is MUR=G? Question 9 of 20 ? Mark all that apply: For Anna, brown goods are A. Normal goods B. Inferior goods C. Giffen goods D. There is not enough information to answer Anna spends her income on green goods (G) and born goods (B). Her utility function is U(G,B)=GPB Her marginal utility for green goods is MUG = 2GB Her marginal utility for brown goods is MUB=G? Question 10 of 20 The (price) elasticity of Anna's demand for brown goods is A. Positive B. Negative C. Zero D. There is not enough information to
