Question: QUESTION 11 1(x , 4 ) = x 2 + 5y ? inw Suppose that a consumer's utility is given by u (x,y) = x


QUESTION 11 1(x , 4 ) = x 2 + 5y ? inw Suppose that a consumer's utility is given by u (x,y) = x + 5y , in which case the marginal utilities will be given by MUX= 5 1 and MU,= 1 , respectively. Considering the budget set from the question above, what is the optimal 2 x 2 2y 2 consumption bundle b = (X,y) for the consumer?(The answer should be whole numbers) x= QUESTION 12
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