# Question: there are two consumers on the market jim and donna...

###### Question details

There are two consumers on the market: Jim and Donna. Jim’s utility function is U(x, y) = xy. Donna’s utility function is U(x, y) = x 2 y. Income of Jim is mJ = 100 and income of Donna is mD = 150.

a) Find optimal baskets of Jim and Donna when price of y is Py =
1 and price of x is P. **(PREVIOUSLY POSTED)**

**b) On separate graphs plot Jim’s and Donna’s demand
schedule for x for all values of P.**