How much x and y should the consumer purchase

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Suppose a consumer’s utility function is given by U(X,Y) = X*Y. Also, the consumer has $32 to spend, and the price of X, PX = 4, and the price of Y, PY = 1. How much X and Y should the consumer purchase in order to maximize her utility and How much total utility does the consumer receive?

Reference no: EM13145969

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