Question: Suppose that a consumer's utility function from the consumption of a good x and y is given by U(x, y) = xy and the prices

Suppose that a consumer's utility function from the consumption of a

Suppose that a consumer's utility function from the consumption of a good x and y is given by U(x, y) = xy and the prices of the products are R4 and R2 respectively. Suppose further that the consumer is limited by a budget of R40. Determine the optimal point of consumption for the consumer. (Hint: Solve the following using Lagrange optimization method)

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