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OpenStudy (anonymous):

Can anyone please help me with my question please? If utility function is and the budget constraint is$150; price of X is $10/unit and price of Y is $5/unit; X and Y are in units. a. Find the optimal bundle X and Y that the consumer should buy to maximize his utility.

OpenStudy (anonymous):

Can anyone please help me with my question please? If utility function is U (X,Y) = 4x^1/2 y^1/2 and the budget constraint is$150; price of X is $10/unit and price of Y is $5/unit; X and Y are in units. a. Find the optimal bundle X and Y that the consumer should buy to maximize his utility.

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