Question: Egon consumes two goods X and Y. Egon's utility function is UE = X 0.25 Y 0.5 . The price of X is $10, and

Egon consumes two goods X and Y. Egon's utility function is UE = X^0.25Y^0.5. The price of X is $10, and the price of Y is $5. Egon has $300 to spend this month.Egon is currently consuming X =20, Y = 20.

Egon's current consumption is not optimal.Use the MRS and the prices to suggest a shift in consumption that will increase Egon's utility.You must use a slopes-based argument here for full credit, and follow the templates for discussing a "slopes trade."

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