Suppose that a consumer has a Cobb-Douglas utility function U(X,Y)=100X0.4Y0.8 , where X and Y are quantities of goods X

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answerhappygod
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Suppose that a consumer has a Cobb-Douglas utility function U(X,Y)=100X0.4Y0.8 , where X and Y are quantities of goods X

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Suppose that a consumer has a Cobb-Douglas utility function U(X,Y)=100X0.4Y0.8 , where X and Y are quantities of goods X and Y consumed, with a budget constraint of PxX + PyY= M, where Px, Py, and M are the price of X, price of Y, and income (money), respectively.
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