Question: Question 5 (10 marks) Given U(x, y) = x(y + 1), where x and y are quantities of consumption goods whose prices are Px and

Question 5 (10 marks) Given U(x, y) = x(y + 1),

Question 5 (10 marks) Given U(x, y) = x(y + 1), where x and y are quantities of consumption goods whose prices are Px and Py respectively. A consumer has a budget B. a) Find the quantities that maximise the utility function b) Check if the second order condition is satisfied using Hessian matrix

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