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Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4, and Price of food is $2. Tom's Utility function looks like the following
U = U(X,Y) =XY +2X
PX= $4 , PY= $2, and I = $60.
Find the optimal values of both goods (Y*,X*) and Utility?
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