Question: Consider the following utility maximization problem: m a x x , y U = x . 7 5 y 2 5 such that 3 x

Consider the following utility maximization problem:
maxx,yU=x.75y25
such that 3x+5y=30
A. Use the cells below to set up this maximization problem
Do not start both quantities at 1. The Solver throws an error given the functional form.
It would be helpful to name your ranges as follows:
B. Use Solver to determine the quantity of each good within the optimal bundle.
Produce the Sensitivity Report. Call this new report "LM"
C. From LM, we can determine the marginal utility of income. If our income increases by $1, our utility will increase by
Be sure to use cell reference to your LM sheet here!
 Consider the following utility maximization problem: maxx,yU=x.75y25 such that 3x+5y=30 A.

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