1) Suppose a consumer's preferences are represented by the utility function U(X,Y) = X*Y². Therefore, MU_x = Y² MU_y = 2XY Also, suppose the consumer has $240 to spend (M = $240), P_Y = 1, and that they spend all of their money on goods X and Y. Also, assume the consumer maximizes their utility subject to their budget constraint. Complete the following table:

Px	Quantity Demanded of X
$1
$2
$4

2) Suppose a firm has a production function given by Q = 3L + L/K. Does this production function exhibit increasing, constant or decreasing returns to scale?

Group of answer choices

-Increasing

-Constant

-Decreasing