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For the utility function U = (Qx0.5+Qy0.5)2 and the budget 150 = 9Qx + 5Qy find the CHANGE in optimal consumption of X if the
For the utility function U = (Qx0.5+Qy0.5)2 and the budget 150 = 9Qx + 5Qy find the CHANGE in optimal consumption of X if the price of X increases by a factor of 1.8. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 = 1.1)
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
