Consider an individual with a utility function represented by U(X,Y)=3XY^(1/3) where the price of X is $2 and the price of $Y is 2 and the individual's total budget is $200. What would be the optimal amount of good X consumed for this individual? (Round to the nearest whole number and report just the number without any units)

Answer rating: 100% (QA)

Okay lets solve this stepbystep 1 The individuals utility function is UXY3XY13 2 The price of ... View the full answer