Question: Consider a consumer with the utility function U(x, y) = min(3x, 5y), that is, the two goods are perfect complements in the ratio 3:5. The

Consider a consumer with the utility function U(x, y) = min(3x, 5y), that is, the two goods are perfect complements in the ratio 3:5. The prices of the two goods are Px = $5 and Py = $10, and the consumer's income is $220. Determine the optimum consumption basket.

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