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Mainicio spends all his mony on fries is ranch chessing. Thio utility function U(x,y)=min{x1/2y1/2,4x+y} where x is fris; y is ranch. The is consuning 4

Mainicio spends all his mony on fries is ranch chessing. Thio utility function U(x,y)=min{x1/2y1/2,4x+y} where x is fris; y is ranch. The is consuning 4 fries and 16 ramch cressing. The price of fris is 66. b) Say, the price of roanch increases ly 16 imes. What whill hio optinal consuption le now? Mainicio spends all his mony on fries is ranch chessing. Thio utility function U(x,y)=min{x1/2y1/2,4x+y} where x is fris; y is ranch. The is consuning 4 fries and 16 ramch cressing. The price of fris is 66. b) Say, the price of roanch increases ly 16 imes. What whill hio optinal consuption le now

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