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ESTION 12 -IN - IN Suppose that a consumer's utility is given by u (x , y ) = 4x 2 + 4y ,in which
ESTION 12 -IN - IN Suppose that a consumer's utility is given by u (x , y ) = 4x 2 + 4y ,in which case the marginal utilities will be given by MU =- and -IN N MU = , respectively. Given arbitrary prices for good x, good y, and income (P , P , and /, respectively), solve for the consumer's demand for -IN good x . That is, your final equation should have the optimal value of x on the left hand side, and some combination of P , P , and / on the right hand side. O
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