Question: A consumer has a Cobb-Douglas Utility Function: U = x 0.5 y 0.5 . The price of good x is $2, the price of good

A consumer has a Cobb-Douglas Utility Function: U = x ^0.5y ^0.5 . The price of good x is $2, the price of good y is $4, while the person has an income of $40. Find the solution to the consumer's maximization problem, and verify that you have found the maximum point.

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