Jenny has a utility function U(x, y) 4xy +20. The prices of x and y are both $1 and Jenny has an in- $40. How much X will Jenny demand? How much Y will Jenny demand? (Note, enter answer as a whole number, Round down if < 0.5, otherwise round up.]

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Jenny has a utility function U(x, y) 4xy +20. The prices of x and y are both $1 and Jenny has an income of
$40.
How much X will Jenny demand?
How much Y will Jenny demand?
[Note, enter answer as a whole number, Round down if < 0.5, otherwise round up.]
Transcribed Image Text:Jenny has a utility function U(x, y) 4xy +20. The prices of x and y are both $1 and Jenny has an income of $40. How much X will Jenny demand? How much Y will Jenny demand? [Note, enter answer as a whole number, Round down if < 0.5, otherwise round up.]
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