Consider the following graph of a two-commodity consumption…
Questions
Cоnsider the fоllоwing grаph of а two-commodity consumption spаce. There is a blue budget line whose vertical intercept is 80 and its horizontal intercept is 40.Suppose the agent has income $2,400.00 and the budget constraint is shown in the figure. If they have utility function U(x,y)=6x+2y, what is the bundle that maximizes their preferences on the budget constraint?