Question: SHOW ALL WORK Basco has utility function u(x, y) = 2vx+ 3y find the... 1. Income Expansion Path (ICC) when prices are p = 2

SHOW ALL WORK

Basco has utility function u(x, y) = 2vx+ 3y find the... 1. Income Expansion Path (ICC) when prices are p = 2 and q = 24. 2. Price Consumption Curve (PCC) when income is m = 40 and the second good has price q = 24. 3. Demand Function for the first good, x(p), when m = 40 and q = 24 (you may use your results from the previous parts)

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