Question: typed and correct answer please. I will rate accordingly with 3 votes. 7. U(x, y) = x0.5, .510.5 , and budget line 400 = 10x

typed and correct answer please. I will rate accordingly with 3 votes.

7. U(x, y) = x0.5, .510.5 , and budget line 400 = 10x + 20y a. What is the optimal bundle of x and y? Depict this graphically Image Text: 7. U(x, y) = x0.5 y0.5, and budget line 400 = 10x + 20y %3D a. What is the optimal bundle of x and y? Depict b. Suppose the price of good x falls to $6, what is the new optimal bundle

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