Question: Solve clearly (1.2 (A) Given u = x(1+y), p; = 1. p3,: 2. m =10. (i) Find out the optimum consumption bundle. Derive income consumption
Solve clearly

(1.2 (A) Given u = x(1+y), p; = 1. p3,: 2. m =10. (i) Find out the optimum consumption bundle. Derive income consumption curve and draw its graph. (ii) Derive equation of Engel curve for commodity x and plot it's graph. _ (iii) For what values of p,_ p, remaining equal to 1, does the consumer have a boundary optimum at a point on x axis? (4+3+2) (B) Check if the following utility functions represent the same preferences: u = X+Y. v = x3 + ya, W = -1.~'(X+y) (2.25} Give your reasoning for your
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