Determine what is the consumer constrained by points

Reference no: EM13237115

A. Assume Px = 5, Py = 2 and Income =540. If a consumer has a MVx = 2x/y, is it possible for her to achieve an interior solution? If so, what is the solution? If not, why not?

B. Given PxX + PyY = I and the information in question one above and a point system where px = 2, py = 8 and the number of points available is 450, is the consumer constrained by points? If so, what is the consumption point? If not, why not? Graph

Reference no: EM13237115

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