Question: detailed solution Given a utility function of 2 goods X and Y: U (X, Y) = X + Y', where a= 3 and b =

detailed solution Given a utility function of 2 goods X and

detailed solution

Given a utility function of 2 goods X and Y: U (X, Y) = X" + Y', where a= 3 and b = 2, X= 9 and Y= 4, the individual is willing to forego _ __ units of Y for an extra unit of X. Round-off your FINAL ANSWER to the nearest 2 decimal places

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