Given the below information, figure out the ending consumption of both good x and good y and whether or not this consumer is a net demander or net supplier of each good. Initial Endowment: (wz, wy) = (25,50) 12 Utility Function: U = 3x2y³ Px=2 Py=4

ENGR.ECONOMIC ANALYSIS
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Given the below information, figure out the ending consumption of both good x and good y and whether or not this consumer is a net demander or net supplier of each good.
Initial Endowment: (wa, wy) = (25, 50)
Utility Function: U = 3x ²¹ y ²
Px = 2
Py = 4
Transcribed Image Text:Given the below information, figure out the ending consumption of both good x and good y and whether or not this consumer is a net demander or net supplier of each good. Initial Endowment: (wa, wy) = (25, 50) Utility Function: U = 3x ²¹ y ² Px = 2 Py = 4
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