Question: Bob has utility function U(x,y)=x2+y over goods x and y a) Do we have a name for this type of utility function? Are Bob's preferences

Bob has utility function U(x,y)=x2+y over goods x and y a) Do we have a name for this type of utility function? Are Bob's preferences well-behaved? b) Let Bob have a budget I=$60, and let prices be Px=$30, Py=$10. Find Bob's optimal basket of goods x and y. Is this an interior or corner solution? c) What will happen if the price of good y doubles?

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