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Window Help O History Bookmarks A elearn.ucr.edu U HAR Practic... U G MMM a S S C S .pdf & Downlo Page 3 of 3
Window Help O History Bookmarks A elearn.ucr.edu U HAR "Practic... U G MMM a S S C S .pdf & Downlo Page 3 of 3 12. A consumer likes two goods, x and y, and has the following utility function, U = 2~xy . What is the slope of the consumer's indifference curve at the point x=4 and y=1? 1. b. -2 13. Imagine a consumer is choosing between two goods, x and y. The price of x increases. What is the method for finding the decomposition bundle of this price change? a. Find the bundle that the consumer would choose at the original price ratio and the new level of utility b. Find the bundle that the consumer would chose at the new price ratio and the original level of utility C. Find the bundle that the consumer would choose at the original price ratio and original level of utility d. Find the bundle that the consumer would choose at the new price ratio and new level of utility APR
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