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QUESTION 10 L 2 x l' 2 1 1 Suppose that a consumers utility is given by u(x,y) =X 21/2 , in which case the
QUESTION 10 L 2 x l' 2 1 1 Suppose that a consumers utility is given by u(x,y) =X 21/2 , in which case the marginal utilities will be given by MUX= y1 and MU), = 2x3 21/ Question '1, what is the utility obtained by the consumer byconsuming the optimal bundle calculated in the last question? (The answer should contain one deCimals and be rounded to the nearest hundreth. m|- respectively. Considering the budget set from For example: 7.47".) Utility
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