Business
Business, 02.10.2019 00:20, alwaysneedhelp8420

Clara’s utility function is u(x, y ) = (x + 2)(y + 1), where x is her consumption of good x and y is her consumption of good y . (a) write an equation for clara’s indifference curve that goes through the point (x, y ) = (2, 8). y = on the axes below, sketch clara’s indifference curve for u = 36. y 16 12 8 4 0 4 8 12 16 x (b) suppose that the price of each good is 1 and that clara has an income of 11. draw in her budget line. can clara achieve a utility of 36 with this budget?

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Clara’s utility function is u(x, y ) = (x + 2)(y + 1), where x is her consumption of good x and y is...

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