Question: We consider a utility-maximizing consumer with the utility function: U (x1, x2) = 4 (x1 + 2) x2 We assume that the consumer has a

We consider a utility-maximizing consumer with the utility function:

U (x1, x2) = 4 (x1 + 2) x2

We assume that the consumer has a given budget of NOK 10. The price of x1 is one NOK and the price of x2 two NOK.

a)

Set up the consumer's maximization problem and calculate the liquidity quantity based on the information above.

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