Question: Problem 2 [ 1 2 points ] Consider the preferences over bundles o f goods x and Y represented b y the utility function U

Problem 2[12 points]
Consider the preferences over bundles of goods x and Y represented by the utility function U(x,Y)=xY13.
aPx=1 and M=100. Let PY vary and find the optimal choice ofx and Yas a function ofPYx and YY?(number)[3 points]
cPx=4,PY=2, find the optimal quantity for both x and Yas a function ofM(formulas)[5 points]
See next page for problems 3,4.
Problem 2 [ 1 2 points ] Consider the preferences

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