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Question 3 of 7* Let the utility function of two goods be: U (x, y) = 400 - 100e-3x - 300e-. Suppose you now have
Question 3 of 7* Let the utility function of two goods be: U (x, y) = 400 - 100e-3x - 300e-. Suppose you now have 1 unit of Good 1 (a), and 3 units of Good 2 (y). Suppose you are consider trading away 1 unit of Good 1 (i.e., Ax = -1), to receive 3 units of Good 2 (i.e., Ay = 3). What is the approximate change in Utility, U (rounded to 2 decimal places)? You can use a calculator
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