Question: 31. Tony's preferences can be represented by the utility function u(X, Y) = X0.4y0.6 The graph below represents Tony's budget line. When he optimally chooses

31. Tony's preferences can be represented by the utility function u(X,

31. Tony's preferences can be represented by the utility function u(X, Y) = X0.4y0.6 The graph below represents Tony's budget line. When he optimally chooses his consumption bundle, what is the optimal mix of goods X and Y? YA 50 Budget Line 90 X A 5X=9Y B 9X=4Y 4X=6Y D 4X 9Y 5X=6Y31. Tony's preferences can be represented by the utility function u(X, Y) = X0.4y0.6 The graph below represents Tony's budget line. When he optimally chooses his consumption bundle, what is the optimal mix of goods X and Y? YA 50 Budget Line 90 X A 5X=9Y B 9X=4Y 4X=6Y D 4X 9Y 5X=6Y

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