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5. Consider an individual with $500 to spend. The price of X is $25, and the price of Y is $50. The individual's preferences are
5. Consider an individual with $500 to spend. The price of X is $25, and the price of Y is $50. The individual's preferences are represented by U(X,Y) = X2 + Y2. What is this individual's optimal bundle given her budget constraint? a. X=0 and Y=10 b. X= 5 and Y=7.5 c. X=6 and Y=7 d. X=4 and Y=8 e. X=10 and Y=5 f. X=20 and Y=0
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