Chapter 14, Problem 23RE

(a)

To determine

To calculate: The equation of the indifference curve for a consumer who purchases 6 units of X and 15 units of Y. Suppose that the utility function for two goods X and Y is given by $U=x^{2}y$.

(b)

To determine

To calculate: The number of units of X must be purchased to retain the same level of utility if the consumer purchases 60 units of Y. Suppose that the utility function for two goods X and Y is given by $U=x^{2}y$ and the consumer purchases 6 units of X and 15 units of Y.