Question: 13----------------- Suppose that consumer has the following utility function: U(X, Y) = x1/3Y. Suppose also that Px = 2, Py = 3 and 1 =

13----------------- Suppose that consumer has the following utility function: U(X, Y)

13-----------------

Suppose that consumer has the following utility function: U(X, Y) = x1/3Y. Suppose also that Px = 2, Py = 3 and 1 = 120. What would be the optimal consumption of X and Y at the equilibrium, respectively? 30, 15 30, 20 O 15, 30 45, 10

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