Question: The consumer has the following utility function for goods x and y : U ( x , y ) = x 3 y 2 .

The consumer has the following utility function for goods x and y:U(x,y)=x3y2. Let the price of x be given by px, the price of y be given by py and income be given by I.
(a) Derive the consumer's demand function for good x , given this utility function
2
and budget constraint, using the Lagrange Multiplier Method.
(b) Is good x normal or inferior? How can you tell?
For parts c) and d), let the price of x be 2.
c) Draw the consumer's Engel curve for good x (make sure to label axes as is the norm with Engel curves).
d) If his income is equal to 20, how much of good x will he demand?
The consumer has the following utility function

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