Posted by **Brett** on Thursday, January 22, 2009 at 12:03am.

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.

thanks

## Answer This Question

## Related Questions

- Economics - 2. Suppose Fred has a utility function of the form U = X ½ Y ½ . ...
- ECONOMICS - Sorry, the last Question didn't post Suppose Fred has a utility ...
- college Econ - Suppose Fred and Ethel need to divide 20 pizza slices and 10 cans...
- economics - Suppose 15 peaches and 20 oranges need to be divided between fred ...
- Math: - Fred’s net monthly income is $3933.12 Rental: $700 Car Payment: $363.75...
- Micro Economics - Briefly explain the following: (a)Economic cost and accounting...
- Economics - Suppose Fred and Ethel need to divide 20 pizza slices and 10 cans of...
- statistics - the average yearly utility costs on Middleton is $1722 with stdev ...
- mircoeconomic - For each of the following situations, decide whether the bundle ...
- economics - 1.. Suppose that U(x; y) = min(x; y) with px = 1 and py = 1. ...

More Related Questions