Posted by Brett on .
Suppose Fred has a utility function of the form U = X ½ Y ½ . Fred has an income of $100, good X costs $1.00, and good Y costs $2.00. How much of good X and how much or good Y will Fred buy? Be sure to show all your work.
Ive aready drawn my graph and i know that under my budget constraint i could buy 100 of X only and 50 of y only. i also know that my slop is -2. i just can not figure out how to solve to find how much of good X and Y he will buy.
see my post to your earlier post.