Question: Doreen has a utility function U(x, y) = 10x + 5y. The price of good x is $1, and the price of good y is
Doreen has a utility function
U(x, y) = 10x + 5y.
The price of good x is $1,
and the price of good y is $2.
If Doreen's income is $100,
how many units of good x
would she consume if she
chose the bundle that
maximizes her utility subject
to her budget constraint?
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