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Suppose a consumer's preferences are represented by the utility function U(X,Y) = x2*Y. Therefore, - MUX=2XY - MUy = x2 Also, suppose the consumer has
Suppose a consumer's preferences are represented by the utility function U(X,Y) = x2*Y. Therefore, - MUX=2XY - MUy = x2 Also, suppose the consumer has $84 to spend (M = $84), PY = 1, and that they spend all of their money on goods X and Y. Also, assume the consumer maximizes their utility subject to their budget constraint. Complete the following table
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