(Answered) Consider an individual whose preferences are described by

Management Studies

Consider an individual whose preferences are described by the utility function is U = X0.5Y0.5. If she consumes 2 units of X and 8 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 8 units of Y?

Y = 1
Y = 2
Y = 3
Y = 4
Y = 5
Y = 6

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