Question: 2. (10 points) If P1 = $4, P2 = $2, and I = $20, and my utility is given by u(X1, X2) = 4x1 +

2. (10 points) If P1 = $4, P2 = $2, and

2. (10 points) If P1 = $4, P2 = $2, and I = $20, and my utility is given by u(X1, X2) = 4x1 + 3x2, find X2*. (Note: I'm asking for optimal consumption of Good 2). (Hint: This is linear utility)

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