Janes utility function is U(x, y) = x^1/2y^1/2. Her income is $120. The price of x is
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Jane’s utility function is U(x, y) = x^1/2y^1/2. Her income is $120. The price of x is 1 and the price of y is 2. How many units of x and y will Jane demand to maximize her utility? Please use the Lagrange method to solve for x and y.
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