Question: Kim's utility function is given by U = XY. For this utility function, MUx = Y and MUy = X. a. If good X costs

Kim's utility function is given by U = XY. For this utility function, MUx = Y and MUy = X.
a. If good X costs $6 and good Y costs $3, what share of Kim's utility-maximizing bundle is made up of good X? Of good Y?
b. If the price of good Y rises to $4, what happens to the shares of X and Y in Kim's utility-maximizing bundle?

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