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Question 11 Suppose a consumer's utility is given by: u (331, :62) = 031/531 + 51/332 Where a= 3, and b = 3 If the
Question 11 Suppose a consumer's utility is given by: u (331, :62) = 031/531 + 51/332 Where a= 3, and b = 3 If the price of good 1 is P1 =$9Iunit, the price of good 2 is P2=$7Iunit, and income is | = $58, what is this consumer's optimal consumption level of good 2? (Note: The answer may not be a whole number, so round to the nearest hundredth) (Note: The numbers mayr change between questions, so read carefully}
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