A consumerrsquos preferences are summarized by the utility
A consumer’s preferences are summarized by the utility function U = X2Y (then MUX = 2XY and MUY = X2 ). Assume that M = 120, PX = 4, PY = 2. a. What is this consumer optimal choice?
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a consumerrsquos preferences are summarized by the utility function u x2y then mux 2xy and muy x2 assume that m
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