Question: Kims utility function is given by U = 5X + 2Y, where MUX = 5 and MUY = 2. a. Suppose that at the prices

Kim’s utility function is given by U = 5X + 2Y, where MUX = 5 and MUY = 2.
a. Suppose that at the prices PX and PY of good X and good Y, respectively, Kim is consuming (optimally) some positive amount of good X and some positive amount of good Y. What is the price of good X in terms of the price of good Y?
b. How will her consumption change if PX doubles, while PY does not change?

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