Derive uncompensated demand function for good x

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Clara consumes two goods x and y. Suppose her utility function is given as

U(x,y)=min (x, 2y)

The prices of the two goods are Px for good x and Py for good y. If her monthly income is $M,

(a) Derive her uncompensated demand function for good x

(b) Derive her uncompensated demand function for good y

(c) Derive the cross price effects and show that the two goods are complementary goods.

Reference no: EM132471404

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