1. Phil's utility function is U = (XY) 3. In Perth, Phil's weekly net income would equal $600, and the prices of good X and good Y are $5 and $5, respectively. In Los Angeles, Phil's weekly net income would equal $1000, and the prices of good X and good Y are $8 and $10, respectively. (a) How much of X and Y does Phil consume in Perth? [2 points] (b) How much of X and Y does Phil consume in Los Angeles? [2 points] (c) Where should Phil live if his goal is to maximize his utility? [1 point] (d) What is Phil's demand curve for Y in Perth? What is it in Los Angeles? [2.5 points]