Question: 2. Kim's utility function for goods 1 and 2 is given by U(X1,X2) = 4x10.5x20.25. The unit price of good 2 is twice the unit

2. Kim's utility function for goods 1 and 2 is given

2. Kim's utility function for goods 1 and 2 is given by U(X1,X2) = 4x10.5x20.25. The unit price of good 2 is twice the unit price of good 1. a) How many units of good 1 will Kim consume for every unit of good 2? b) Derive Kim's demand for good 1 assuming her income is 300. c) Find Kim's demand for good 1 when the price of good 1 is 4 and the price of good 2 is 8. d) Is good 1 a normal or an inferior good

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