Holly consumes commodities x and y and her utility function is U(x, y)= xy⁵.Good x costs $2 per unit and good y costs $1 per unit.If she is endowed with 7 units of x and 4 units of y, how many units of good y will she consume? A)7 B)15 C)19 D)18 E)None of the above.

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The Answer of Holly consumes commodities x and y and her utility function is U(x, y)= xy⁵.Good x costs $2 per unit and good y costs $1 per unit.If she is endowed with 7 units of x and 4 units of y, how many units of good y will she consume? A)7 B)15 C)19 D)18 E)None of the above.

Holly Consumes Commodities X and Y and Her Utility Function