Question: Aconsumer has a utility function given by u(x, y) = min(x, y). The price of x is $2, and the price of y is $4.

Aconsumer has a utility function given by u(x, y) = min(x, y). The price of x is $2, and the price of y is $4. The consumer has $800 to spend on these two goods. In the questions below, give your answers to two decimal places

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