2 Lily's utility function is U(X,Y) X Y, where X and Y represent the quantities of the only two goods Lily consumes The prices of the two goods are px $2 and py $6 Lily's income is $1,000 per month (a) Find the quantities of X and Y Lily would consume in order to maximize her utility (b) Suppose p...

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2. Lily's utility function is U(X,Y)=X Y, where X and Y represent the quantities of the...

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