Abby's utility function is given by U = X²Y². For this utility function, MU_x = 2XY² and MU_y = 2X²Y. If good X costs $10 and good Y costs $5, what share of Abby's utility-maximizing bundle is made up of good X?

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The Answer of Abby's utility function is given by U = X²Y². For this utility function, MU_x = 2XY² and MU_y = 2X²Y. If good X costs $10 and good Y costs $5, what share of Abby's utility-maximizing bundle is made up of good X?

Abby's Utility Function Is Given by U = X2Y2

Abby's Utility Function Is Given by U = X²Y²