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Consider the utility function U=min(2x,y). What is the equation for the optimal consumption of x in terms of Pr , Py, 1. OC - P3+Py

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Consider the utility function U=min(2x,y). What is the equation for the optimal consumption of x in terms of Pr , Py, 1. OC - P3+Py I O X - 2p2 +Py Ox = p.+2Py OC = -Pz Py PItz Py 2 pts Question 6 Consider the utility function U = 10 In x + y. If the price of x is 2 and the price of y is 1, how much income does this person need to be able to afford the optimal x

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