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1.Suppose: (30 points) U (X, Y)= XY P x =4 P y =2 I=40 a.Find the best affordable bundle. Make sure to show your work

1.Suppose: (30 points)

U (X, Y)= XY

P_x=4

P_y=2

I=40

a.Find the best affordable bundle. Make sure to show your work.

b.Graph your answers. Make sure to label all curves and axes.

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