Question: Tom spends all his $100 weekly income on two goods, X and Y. His utility function is given by U(X, Y) = XY. If PX
Tom spends all his $100 weekly income on two goods, X and Y. His utility function is given by U(X, Y) = XY. If PX = 4 and PY = 10, how much of each good should he buy?
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