If Luis gets 4 utils units of utility from a bundle that has
If Luis gets 4 utils (units of utility) from a bundle that has x=4, how many units of y is he consuming?
Give your answer to the nearest integer (i.e., if the solution is 1.02, enter in 1).
I got 4. Is that correct?
Solution
we are given U=4
then
4 = 4^0.4 * y^0.6
Y =(4/((4)^(0.4)))^(1/0.6)
=4 units
