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Question 6: For each of the following, find the optimal x and y, given the budget constraint. a. u(x, y) = In(x) +y. 12 =

Question 6: For each of the following, find the optimal x and y, given the budget constraint. a. u(x, y) = In(x) +y. 12 = 0.5x + y b. u(x, y) = 2x + y, 56 = 4x + 7y c. u(x, y) = e2x+y 56 = 4x + 7y

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