Suppose a consumer's preferences are represented by U(X,Y)= X2Y and his marginal utilities are MUX =...

 

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Suppose a consumer's preferences are represented by U(X,Y)= X2Y and his marginal utilities are MUX = 2 XY and MUY = X²₁ If the price of good X is px = 30, and his optimal bundle is (X,Y)= (2,6), what is the price of Y and what is his income? O py=5 and M = 90 O py= 15 and M = 150 O Py = 1 and M = 66 O py=6 and M = 96 Suppose a consumer's preferences are represented by U(X,Y)= X2Y and his marginal utilities are MUX = 2 XY and MUY = X²₁ If the price of good X is px = 30, and his optimal bundle is (X,Y)= (2,6), what is the price of Y and what is his income? O py=5 and M = 90 O py= 15 and M = 150 O Py = 1 and M = 66 O py=6 and M = 96

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