Question: Suppose that a consumer had a utility function given by: U=X4Y2 . This consumer has a budget of $15 . Fill in the value of
Suppose that a consumer had a utility function given by:U=X4Y2.
This consumer has a budget of$15.
Fill in the value of this consumer's demand function.
X =_______ *(1/Px).
(For instance, if X = 4/Px, then X = 4 * (1/Px) and enter 4)
PLEASE FILL IN BLANK
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