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Consumer satisfaction in consuming products x and y as shown by the total utility function as follows: TU = 2 X2Y The consumer 's total
Consumer satisfaction in consuming products x and y as shown by the total utility function as follows: TU = 2X2Y The consumer's total income/budget is $1000, while the prices of x and y per unit are $20 and $50, respectively. Determine: a. The sum of x and y that gives total satisfaction. b. The value of the total satisfaction.
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