The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.
It is known that a consumer buys two goods, the amounts of which are x and y. Her marginal utility of consuming good x is Ux , while that of consuming good y is Uy. If the two marginal utility functions are given by
Ux = 8y + x2 and Uy =2x and the consumer is known to stay on the same utility curve, find the total utility function of this consumer buying the two goods.(Hint: Since the consumer stays on the same utility curve Uxdx+ Uydy = 0.)
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