Question: Could you please answer this question 8? Thanks Consider a consumer who has a utility function given by: U = (100 - x)x + 2y

 Could you please answer this question 8? Thanks Consider a consumer

Could you please answer this question 8? Thanks

who has a utility function given by: U = (100 - x)x

Consider a consumer who has a utility function given by: U = (100 - x)x + 2y and who is endowed with 50 units of x and 100 units of y. What is their demand function for x? O = Px _ 100 Py O 1 Px x = 50 - 2 Py 1 Px O x = 25 - 2 Py Px O x =50 - Py 1 Px O x = 100 2 Py

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