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Question: suppose an indwvidual had a uiliy funtion given by u...

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Suppose an indwvidual had a uiliy funtion given by U - xoBY03, The price of Good X is $3 and the pice of Good Y is S0 .75, The individual has a budget of $29.25. Solve the optimization condition for Y given the values above and fill in the blank below Round to the nearest decimal place if necessary)
Suppose an individual had a utility function given by: U XY Calculate this individuals Marginal Rate of Substitution (MRSxy) when they have a bundle with 5 units of Good X and 0.25 units of Good Y Round to the nearest decimal place if necessary) Answer
Suppose an individual had a budget of $135. The price of Good X is $10 and the price of Good Y is $2 Calculate the Market Rate of Substitution Mkt RSsubXY Round to the nearest decimal place if necessary,) Answer
Suppose a consumer had a budget of $157.50. The price of Good X is $10 and the price of Good Y is $12.50 Calculate value of the x-intercept of the budget line. (Round to the nearest two decimal places if necessary) Answer
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