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Essay Question 1 (35 points; 5 points each) Carlotta enjoys watching movies, x, while drinking sodas, y. Her preferences over movies and sodas can be
Essay Question 1 (35 points; 5 points each) Carlotta enjoys watching movies, x, while drinking sodas, y. Her preferences over movies and sodas can be represented by the utility function U(x, y) = In(x) + In(y) Question 11 5 pts Carlotta's Marshallian demands for the two goods are given by which of the following expressions? O gx (Pr, Py, I) = In(1) - In(Px); gy(Px, Py, I) = In(1) - In(Py) O Jx (Px , Py, I) = ; gy(Px, Py, ) = 2py O gx (Px, Py, I) = " ; gy(Px, Py, I) = 2 - 1 O gx (Px , Py, I) = pa. ; gy (Px, Py, I) = _ gx (Px, Py, I) = Pyl gy (Px , Py, ] ) = - Px I Px (PytPx) ' Py (Px + Py)
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