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Previous Page Next Page Page 2 of 20 Question 2 (5 points) Suppose that consumer has the following utility function: U(X, Y) = x1/By1/2. Suppose

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Previous Page Next Page Page 2 of 20 Question 2 (5 points) Suppose that consumer has the following utility function: U(X, Y) = x1/By1/2. Suppose also that Px = 2, Py = 3 and I = 120. What would be the optimal consumption of X and Y at the equilibrium, respectively? 24, 24 12, 32 36, 16 48, 8 Previous Page Next Page Page 2 of 20

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