Question: Suppose the consumer has the same utility function as in the previous problem and income and the price for good 1 have remained the same

Suppose the consumer has the same utility function as in the previous problem and income and the price for good 1 have remained the same as well (that is income is equal to 30, price for good 1 is equal to 2). The price for good 2 however has changed to 0.25. Calculate the new utility maximizing quantity of good 2.

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