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24-05-2023
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Suppose that consumer has the following utility function: U(X,Y) - X1/2y1/4. Suppose also that P 2, P -3 and 1=144. What would be the optimal consumption of X and Y at the equilibrium. respectively? a) 36, 24 b) 12,40 c) 24,32 d) 48.16

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