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Barbara's utility for 2 goods X and Y is given

Question # 00565025
Subject: Economics
Due on: 07/23/2017
Posted On: 07/23/2017 05:05 AM

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Barbara's utility for 2 goods X and Y is given by u=(x^0.6)(y^0.4). Let I denote income and px and py denote the prices of good X and Y respectively.
a) Graph the Marshallian demand curve for good x given given I and py
b) What is Barbara's gain in consumer surplus if price of good X decreases from $20 to $15?

Tags given goods utility barbaras given good barbaras denote decreases curve price gain demand consumer surplus respectivelya goods utility ux06y04 income graph prices marshallian

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Barbara's utility for 2 goods X and Y is given

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