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Explain, please: A consumer's utility function is U(X, Y) = 4X + 5Y. The price of X is 5. The price on is 5. The
Explain, please:
A consumer's utility function is U(X, Y) = 4X + 5Y. The price of X is 5. The price on is 5. The consumer's income is 10. Therefore, the consumer's optimal bundle is: X = 0 and Y= 2Step by Step Solution
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