Suppose a consumer consuming two commodities X and Y has the following utility function U= 10X0.4Y0.6. If price of good X and Y are 2 and 3 respectively and income constraint is Birr 50, then find Find quantities of X and Y which maximize utility Show how the rise in income to Birr 100 will affect the quantities of X and Y

/in /by

Suppose a consumer consuming two commodities X and Y has the following
utility function U= 10X0.4Y0.6. If price of good X and Y are 2 and 3
respectively and income constraint is Birr 50, then find

Find quantities of X and Y which maximize utility

Show how the rise in income to Birr 100 will affect the quantities of
X and Y

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