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Author Question: What is the slope of the price consumption curve for two goods, x and y, when preferences are ... (Read 29 times)

Ebrown

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on: Jun 18, 2019
What is the slope of the price consumption curve for two goods, x and y, when preferences are measured by the utility function U(x,y) = x0.5y0.5, the price of good y is $10, income equals $100, and the price of good x increases from $5 to $10?
◦ Slope is .
◦ Slope equals zero.
◦ Slope is infinite.
◦ Slope is -.
Microeconomics ¦ Perloff ¦ 8th Edition
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Marked as best answer by Ebrown on Jun 18, 2019

jharrington11

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Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Ebrown

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Reply #2 on: Jun 18, 2019
TY


jharrington11

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Reply #3 on: Jun 18, 2019
You're welcome


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