Question: 1 Suppose w e have a consumer with utility U ( x , Y ) = x 2 5 Y 3 5 . She has

1 Suppose we have a consumer with utility U(x,Y)=x25Y35. She has income M=$200 and faces
prices Px=$4 and Py=$5.
Clearly state the Consumer's Optimization (choice) Problem in words.
Sketch the problem (budget set, indifference curves, and optimal solution)
What two equations describe the solution to the problem. Explain.
Solve for optimal consumption x* and Y*.
1 Suppose w e have a consumer with utility U ( x

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