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  3. in part a of problems 1 3 you can...

Question: in part a of problems 1 3 you can...

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In Part (a) of Problems 1 - 3, you can use the results of HW 2 - you do not have to derive the optimal choice from scratch. (The point of these problems is the sketches of the demand functions.) 1) A consumers utility function is u(x,y) 3 3 (a) Find the consumers optimal choice for x, y as functions of income prices px, py and income 1. (b) Sketch the demand curve for x as a function of functions of its own price Pr when Py 16, I 256 (c) Sketch the demand curve for x as a function of the other price py when p,-1, 1 81.

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