letiiihab letiiihab

19-12-2022
Business

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2) Given the utility function is U=X^0.6Y^0.4, the prices for Good X and Y are 4 and 5 respectively, if the budget of the consumer is 120 Birr. Then find the utiltiy maximizing level of X and Y. What will happen to the equilibrium, if price of x increase to 10?

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