Question: Given that a consumer spends $4 on each unit of x and has a total of $1, with current consumption being 8 units of x
Given that a consumer spends $4 on each unit of x and has a total of $1, with current consumption being 8 units of x and 7 units of y. If the consumer maximizes utility subject to the budget constraint 4x+y=1, what is the optimal amount of x?
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