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A consumer has a utility function U(x, y) = xl'l2 y1/2. When Px = $10 and Py = $2, find the quantities ofx and y
A consumer has a utility function U(x, y) = xl'l2 y1/2. When Px = $10 and Py = $2, find the quantities ofx and y that minimize the consumer's expenditure to achieve the utility level of 8. Enter your answer in the box here and upload the picture in Question 2. Show ALL works The quantity of good x is (round your answer to two decimal places): Please explain steps, very confused on this question clue to the fact that there is no income provided
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