Question: A consumer chooses between a public good X and a private good Y . The utility function that characterizes the preferences of this consumer is

A consumer chooses between a public good X and a private good Y. The utility function that characterizes the preferences of this consumer is U=X3/4Y1/4. What is the relative price of X if the budget constraint is 10X+15Y=3000? (Express as a decimal fraction. Round your answer to the second digit after the decimal point.)

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