Question: 1.Justin has the utility function U = xy, with the marginal utilities MUx = y and MUy = x. The price of x is 2,

1.Justin has the utility function U = xy, with the marginal utilities MUx = y and MUy = x. The price of x is 2, the price of y is py, and his income is 40. When he maximizes utility subject to his budget constraint, he purchases 5 units of y. What must be the price of y and the amount of x consumed?

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