need help with c and d

1) Income and substitution effect (22 points) A consumer has the following utility function: U(X,Y)=XY. Px=2 and Py=2, the daily income is $32. x=8,y=8 a) How many units of X and Y does she consumes each day? (5 points) b) Suppose that the price of Y increases to $8. Find his new optimal consumption bundle. (4 points) Y=8,Y=2 (c) If his income changes in a way that he can achieve exactly his initial utility level. How many units of X and Y would he buy? ( 8 points) I=b4,7=1b i } A) U(x,r)=xr.MAREHALIA B)py=8,Px=2cc) P=2.R=2I=32 DEMAND. teen 32=28r MSS =x/vy=T/x=P1Dx 32:165 swen y=PN/Px Y=2,then I=PxX+RYY=PXPxRY+RTr y=28/2=8 =RF+2T=2{Y} I=32,P=2.32=22y Y=8 r=8,r=2.8/2=8 1) Income and substitution effect (22 points) A consumer has the following utility function: U(X,Y)=XY. Px=2 and Py=2, the daily income is $32. x=8,y=8 a) How many units of X and Y does she consumes each day? (5 points) b) Suppose that the price of Y increases to $8. Find his new optimal consumption bundle. (4 points) Y=8,Y=2 (c) If his income changes in a way that he can achieve exactly his initial utility level. How many units of X and Y would he buy? ( 8 points) I=b4,7=1b i } A) U(x,r)=xr.MAREHALIA B)py=8,Px=2cc) P=2.R=2I=32 DEMAND. teen 32=28r MSS =x/vy=T/x=P1Dx 32:165 swen y=PN/Px Y=2,then I=PxX+RYY=PXPxRY+RTr y=28/2=8 =RF+2T=2{Y} I=32,P=2.32=22y Y=8 r=8,r=2.8/2=8