Question: Suppose that a consumer's utility is given by 1 MU = y 4x - 3 1 ' - 3 3y respectively. 1 2 -

Suppose that a consumer's utility is given by 1 MU = y

Suppose that a consumer's utility is given by 1 MU = y 4x - 3 1 ' - 3 3y respectively. 1 2 - - u(x,y) = 2x 3 y " 3 in which case the marginal utilities will be given by MU = 23 2y and x 2 3x 3 Considering the budget set from Question 1, what is the optimal consumption bundle b= (x,y) for the consumer? (The answers should be rounded to the nearest hundredth. For example, "5.43") x= ,y=

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