[Solution] Patti has a quasi-linear utility function of the form U(x, y)=√x+y. Derive Patti's demand curve for x as a function of the prices, P_x
Question: Patti has a quasi-linear utility function of the form \(U(x, y)=\sqrt{x}+y\).
- Derive Patti's demand curve for \(x\) as a function of the prices, \(P_{x}\) and \(P_{y}\). Verify that the demand for \(x\) is independent of the level of income at an interior optimum.
- Derive her demand curve for \(y\).
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