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Assume the consumer consuming two commodities Orange(X) and Avocado (Y) has the utility function of U(X,Y)=XY+4x the price of two commodities(Orange and Avocado) is given
Assume the consumer consuming two commodities Orange(X) and Avocado (Y) has the utility function of U(X,Y)=XY+4x the price of two commodities(Orange and Avocado) is given as 8 and 4 birrs respectively .the consumer has a total income of 60 birr to be spent on both commodities .Based on this information,a.Calculat utility maximizing level of two commodities b.what will be MRSx,y atat equilibrium? c.what it the total amount of utility that an individual derives from consuming both commodities at
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