Question: Suppose a consumer's preferences are represented by the utility function U(X, Y) = X2Y. Therefore, . MUX = 2XY . MUY = X2 Also, suppose

Suppose a consumer's preferences are represented by the utility function U(X, Y) = X2Y. Therefore, . MUX = 2XY . MUY = X2 Also, suppose the consumer has $240 to spend (M = $240), the price of Good X is Py = 5, and the price of Good Y is Py = 2. If the consumer maximizes utility subject to their budget constraint, how much of Good X and how much of Good Y will the consumer purchase

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