Question: Please, do not use Chat GPT. Juan has a utility of the form Cobb Douglas (, ) = 1/2 1/2 . If your income per

Please, do not use Chat GPT.

Juan has a utility of the form Cobb Douglas (, ) = ^1/2^1/2 . If your income per month are $600 and the prices of the products he consumes are = 10 and = 15.

a) Determine the optimal quantities of product x and product y. Perform a graphical analysis of the solution. b) What happens with the solution to the exercise if = 10. Perform a graphical analysis of the situation. c) What happens with the solution to the exercise if = 20. Perform a graphical analysis of the situation.

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