suppose that the utility function of a consumer is given by TU(x,y)=3×2 y and the price of x and y are $1 and $2 per unit, respectively. if the income of the consumer is $600 and if he spends all of his income on the consumption of commodities of x and y, find the optimum amount of x and y that the consumer will consume at equilibrium and find MRTSx,y.
suppose that the utility function of a consumer is given by
TU(x,y)=3×2 y and the price of x and y are $1 and $2 per unit,
respectively. if the income of the consumer is $600 and if he spends
all of his income on the consumption of commodities of x and y, find
the optimum amount of x and y that the consumer will consume at
equilibrium and find MRTSx,y.


