Let U(x,y) = with MU_x = and MU_y = .Let I = $100,P_x = $25 and P_y = $10 be the initial set of prices and income.Now,let P_x fall to $10.What is the approximate compensating variation for this change in prices? A) 24 B) 30 C) 34 D) 40

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The Answer of Let U(x,y) = with MU_x = and MU_y = .Let I = $100,P_x = $25 and P_y = $10 be the initial set of prices and income.Now,let P_x fall to $10.What is the approximate compensating variation for this change in prices? A) 24 B) 30 C) 34 D) 40

Let U(x,y) = with MUx = and MUy

Let U(x,y) = with MU_x = and MU_y