Question: Suppose utility is given by U= square root 'x' + square root 'y' (where x and y denote quantities) the prices of goods x and

Suppose utility is given by U= square root 'x' + square root 'y' (where x and y denote quantities) the prices of goods x and y are:

Px = 2

Py = 1

Income, 'I' = 12.

The new optimal bundle has what quantity of x?

The new optimal bundle has what quantity of y?

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