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U = 50 x^1/2 + y. a. Derive the ordinary and compensated demand curves. (You can let the price of y = $1.) b. Suppose

U = 50 x^1/2 + y.

a. Derive the ordinary and compensated demand curves. (You can let the price of y = $1.)

b. Suppose that the price of x is currently $5. Find the change in consumer surplus if the price of x increases to $10.

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