Question: 2 pts Question 4 Consider the utility function U = In a + y. What is the equation for the optimal consumption of y in

2 pts Question 4 Consider the utility function U = In a + y. What is the equation for the optimal consumption of

Py O I-Py O I-Py y = PyQuestion 5 2 pts Consider

2 pts Question 4 Consider the utility function U = In a + y. What is the equation for the optimal consumption of y in terms of Pr; Py; I. Oy = I-PE Px I-Px Py O I-Py O I-Py y = PyQuestion 5 2 pts Consider again the utility function U = In a + y. If the price of x is 2 and the price of y is 1, how much income does this person have to have to be able to afford the optimal x

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