<em>Answer</em><em> </em><em>is</em><em> </em><em>-220</em>
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Im not sure if you are saying 74/5 or 7 and 4 fifths but in the case you'r saying 74/5 you would first round to see the highest number that 5 can go to without being a decimal. Which would be 70 so you would count how many times 5 can go into 70, which would be 14, so the left over is 4/5 so you would check to see if it can be simplified which it can't so the final answer is 14 and 4/5
Answer:
2 units of X and 5 units of Y
Step-by-step explanation:
(a) Utility is maximized when (MUx / Price of X) = (MUy / Price of Y)
This condition holds for the following cases
1. X = 4 (MUx / Px = 8 / 4 = 2) and Y = 6 (MUy / Px = 4 / 2 = 2)
2. X = 2 (MUx / Px = 16 / 4 = 4) and Y = 5 (MUy / Px = 8 / 2 = 4)
For the first case Total cost = 4 x $4 + 6 x $2 = $(16 + 12) = $28 (Budget is exceeded).
In the second scenario, Total cost = 2 x $4 + 5 x $2 = $(8 + 10) = $18 (budget is exhausted).
Optimal case contains X = 2 units, Y = 5 units.