Suppose that there are two commodities x and y. Jim’s demand for commodity x as a function of prices and income is given by Qx(px, py, W)=W/(px+2py). What is the expression for Jim’s demand for commodity y as a function of prices and income?

Qy(px,py,W)=W/(px+2py)

Step-by-step explanation:

From the question, we have:

Qx(px,py,W)=W/(px+2py) (1)

Equation (1) implies that the demanded for commodity x is determined by its own price, px, price of commodity y, py, and the total income of the consumer, W.

When we have this kind of demand function, it implies that demand for each good not only depends on its own price but also the price of other commodity and the income of the consumer. This statement can be employed to get and expression  for Jim’s demand for commodity y as a function of prices and income as follows:

Qy(px,py,W)=W/(px+2py) (2)

Equation (2) two therefore also implies that the demanded for commodity y is determined by its own price, py, price of commodity x, py, and the total income of the consumer, W.

125 yards

step-by-step explanation:

i take 75 plus 50.

his first public project he is asked to create a small scale drawing. the garden is a right triangle with base 25m and height 30m. are you trying to solve for the last side/hypotenuse? the irrational form of the answer would be 5\sqrt{61}