Suppose a consumer had a utility function given by: U= 9X + 4Y. If the price of Good X (Px) is $10 and the price of Good Y is $4 then what is the utility maximizing quantity of Good X the consumer will purchase with a budget of $10? (Round to the nearest two decimal places if necessary.)

Suppose a consumer had a utility function given by: U= 9X + 4Y. If the price of Good X (Px) is $10 and the price of Good Y is $4 then what is the utility maximizing quantity of Good X the consumer will purchase with a budget of $10? (Round to the nearest two decimal places if necessary.)

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 6SQP

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