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10----------- Suppose that consumer has the following utility function: U(X, Y) = 3XY + 30X. Suppose also that Px = respectively? 10, Py = 20
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Suppose that consumer has the following utility function: U(X, Y) = 3XY + 30X. Suppose also that Px = respectively? 10, Py = 20 and 1 = 80. What would be the optimal consumption of X and Y at the equilibrium, 8,0 4, 2 0, 4 6, 1Step by Step Solution
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