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Suppose a consumer's preferences are represented by the utility function U(X,Y)=MIN(X,3Y). Also, suppose the consumer has $300 to spend (M = $300), the price of

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Suppose a consumer's preferences are represented by the utility function U(X,Y)=MIN(X,3Y). Also, suppose the consumer has $300 to spend (M = $300), the price of Good X is P, = 3, and the price of Good Y is Py = 1. If the consumer maximizes utility subject to their budget constraint, how much of Good X and how much of Good Y will the consumer purchase

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