Question: Maurice has the following utility function: u ( X , Y ) = 40 X + 60 Y - 2 X 2- Y 2, where

Maurice has the following utility function:u(X,Y) = 40X+ 60Y- 2X2-Y2, where X is his consumption of CDs with a price of $2 and Y is his consumption of movie videos, with a rental price of $3. He plans to spend $110 on both forms of entertainment. Determine the number of CDs and video rentals that will maximize Maurice's utility. What is Maurice's maximum utility equal to?

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