Suppose an individual had a utility function given by: U=X^2*Y.

Suppose that Bundle A contains 16 units of Good X and 16 units of Good Y.

Bundle B contains 25 units of Good Y and an unknown quantity of Good X.

Calculate the amount of Good X that would make the individual indifferent between Bundle A and Bundle B.

(Round to the nearest three decimal places if necessary.)

Answer rating: 100% (QA)

To find the amount of Good X in Bundle B that makes the in... View the full answer