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Question SupposeU(X;Y)=aX+bY wherea>0;b>0:MUX =aandMUY =b: a) (10 points) Question SupposeU(X;Y)=aX+bY wherea>0;b>0:MUX =aandMUY =b: a) (10 points) Derive demand functions for X and Y: Show your work. b)(10points)GraphdemandforXatI=100;pY =1,a=2;b=1: : Show your work. b)(10points)GraphdemandforXatI=100;pY =1,a=2;b=1:

/in /by

Question

SupposeU(X;Y)=aX+bY wherea>0;b>0:MUX =aandMUY =b: a) (10 points) Derive demand functions for X and Y: Show

your work. b)(10points)GraphdemandforXatI=100;pY =1,a=2;b=1: 

 
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