Question: Freda has a utility function(,)= , so her marginal utility of X ,x= and her marginal utility of Y ,y= . The price of X

Freda has a utility function(,)= , so her marginal utility ofX,x= and her marginal utility ofY,y= . The price ofXis $1 and the price ofYis $2 and Freda chooses to consume 25 units of goodY. How muchXmust she be consuming at her optimal allocation? Explain why at her optimal consumption allocation she cannot be choosing more or lessX.

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2. Ask questions, listen rather than attempt to persuade.

9. How much of the information collected will be used in decision-making?

1. Background knowledge of the subject and