Solved: Given that the consumer has a budget of 200 dollars, Mathematics

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Given that the consumer has a budget of 200 dollars

A consumer can buy quantities of two goods, A and B. Suppose he buy x units of A and y units of B. Each unit of A costs 1 dollar and each unit of B costs 2 dollars. Given that the consumer has a budget of 200 dollars, determine the number of units of each good he should buy in order to maximise u. His utilities is u = xy^3/2.

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Mathematics: Given that the consumer has a budget of 200 dollars

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