Question: Suppose a consumer's preferences are represented by the utility function U(X,Y) = X*Y2. Therefore, MUx= Y2 MUy= 2XY Also, suppose the consumer has $180 to

Suppose a consumer's preferences are represented by the utility function

U(X,Y) = X*Y2.

Therefore,

MUx= Y2

MUy= 2XY

Also, suppose the consumer has $180 to spend (M = $180), PY= 1, and that they spend all of their money on goods X and Y.Also, assume the consumer maximizes their utility subject to their budget constraint.Complete the following table:

PxQuantity Demanded of PX$1PX$2PX$3

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