Answered: Alexander has MUx = 2x and MUy =YX, the…

Alexander has MUx = 2x and MUy =YX, the price of X is 2, the price of Y is 3, and an income of 33. Find the amount of X and Y Alexander will consume.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter5: Supply, Demand, And Price: Applications

Section5.9: Application 9: Easier To Obtain Loans And Higher Housing Prices

Problem 2ST

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Alexander has MUx = 2x and MUy =YX, the price of X is 2, the price of Y is 3, and an income of 33. Find the amount of X and Y Alexander will consume.

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