2 Dean’s utility on (X) and (Y ) can be expressed as u(x, y) = x y. (a) How much milk does Dean consume when the price of milk is px = 10, the price of juice is py = 8, and he plans to spend $120 on these two goods? (b) Now suppose the police does not allow people to carry X on the road. As a result, whenever you buy X, half of them would be discovered by the police and destroyed, and you can only consume the other half. For example, if you buy two units of X, you can consume only one unit. What are the substitution and income effects on the consumption of X when you no longer have the freedom to carry X on the road? (Assume the prices are the same as in part (b), and Dean still spends $120 on these two good.) Please use Hicks’ definition to decompose the effects. a我大概会写 不过b的话.... 我是有大概猜出一个解法 不过数字出来怪怪的.... 所以.... 拜托了XD -- 　　　　　　　　　　 ,我可以跟你在一起吗? 　　　　　　　　　　 　 ◥ ∩ ∩ ▼▼▼▼ ▲▲▲▲ /█\ || --

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