[4 Points] Suppose that Jack's utility function is U (I,y) = '13;. What would be Jack's optimal oon Sllmption of these two goods when his income is
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# Suppose that Jack's utility function is U(x, y) = √xy. What would be Jack's optimal consumption of these two

goods when his income is 72 dollars, and the prices of good x and y are 4 and 3 dollars, respectively?

[4 Points] Suppose that Jack‘s utility function is U (I,y) = “13;. What would be Jack’s optimal oon—
Sllmption of these two goods when his income is 72 dollars, and the prices of good I and y are 4 and 3
dollars, respectively?

Jack's optimal consumption... View the full answer

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