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Question: textbook nicholson amp snyder microeconomic theory 12th edition...

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In Problems 5 - 7, you are given the utility function u(x, y), income I and two sets of prices: initial prices Prpy and final prices p., For each problem, you are to find: (a) the optimal choice at the initial prices b) i-he opi.İnnaal choice al the final prices (c) the change optimal choice at final prices-optimal choice at initial prices

7) u(r, y)-y4,1-12 p1.py-2 1,p 4 1/4,,3/4

Textbook: Nicholson & Snyder, Microeconomic Theory, 12th edition.

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