Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 6SQP
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Question
Transcribed Image Text:Suppose that a consumer's utility is given by u(x.y) =x +5y, in vhich case the marginal utilities will be given by MUx=
1
and MU,
respectively.
1
2x
2y
Considering the budget set from the question above, what is the optimal consumption bundle b = (x,y) for the consumer?(The answer should be whole numbers) x=
y=
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