A consumer’s utility function is U(x; y) = (x + 2)(y + 1). The
prices are px = $8; py = $2. The consumer consumes of both goods. If his consumptions of good x is 14 units, what is his consumption of good y?
Why?
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A consumer’s utility function is U(x; y) = (x + 2)(y + 1). The
prices are px = $8; py = $2. The consumer consumes of both goods. If his consumptions of good x is 14 units, what is his consumption of good y?
Why?

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