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Consider an individual whose utility function is U = X0. If she consumes 2 units of X and 6 units of Y, then some level of utility will be...

Consider an individual whose utility function is U = X0.5Y0.5. If she consumes 2 units of X and 6 units of Y, then some level of utility will be experienced. If the individual instead consumes 4 units of X, how much of good Y must she consume in order to attain the level of utility associated with 2 units of X and 6 units of Y?


Answer should look like "Y=____"

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If the individual instead consumes 4 units of X, she must... View the full answer

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Y = 3, 3 units of Y should be consumed... View the full answer

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The individual must consume  3  units of good... View the full answer

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