Charlie has utility function uxy24x12y if he maximizes her, Ask an Expert

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Charlie has utility function U(x,y)=24x^1/2+y. If he maximizes her utility, what is the amount of good y that he consumes, when price of x is 4, price of y is 1, and income is 50 (in this case utility maximization is characterized by the tangency rule)?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707734

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