Question: Suppose that a consumer's utility function is given by u(x, y) =x y . a) Find his demand functions for the two goods x and

Suppose that a consumer's utility function is given by u(x, y) =x y .

a) Find his demand functions for the two goods x and y given that p x = 2, p y = 5,

and m=10.

b) Illustrate the consumer's maximization problem graphically.

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