What must be the price of y and the amount of x consumed, Microeconomics

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What must be the price of y and the amount of x consumed

Problem

Justin has the utility function U = xy, with the marginal utilities MU_x = y and MU_y= x. The price of x is 2, the price of y is p_y, and his income is 40. When he maximizes utility subject to his budget constraint, he purchases 5 units of y. What must be the price of y and the amount of x consumed?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What must be the price of y and the amount of x consumed

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