How many units of good y will she consume

Reference no: EM13520403

Diana consumes commodities x and y and her utility function is U(x, y) = xy2.
Good x costs $2 per unit and good y costs $1 per unit.
If she is endowed with 3 units of x and 6 units of y, how many units of good y will she consume?
a. 3
b. 8
c. 11
d. 14
i want step by step solution

Reference no: EM13520403

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