Question: Suppose utility given by U = square root 'x' + square root 'y' (where x and y denote quantities) the prices of goods x and
Suppose utility given by U = square root 'x' + square root 'y' (where x and y denote quantities) the prices of goods x and y are Px = Py = 1, and income I = 12.
The optimal bundle has what quantity for x?
The optimal bundle has what quantity of y?
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