How many units of y is the market willing to exchange for one additional unit of x?

and you have $80 to spend between goo Show more Suppose you have the following utility function U (xy) = x 2 y 2 and you have $80 to spend between goods x and y. The prices are the following. Px=2 and Py=4. A) Write down the budget constraint B)How many units of y is the market willing to exchange for one additional unit of x? C) What is the marginal utility of x and y? D) How many units of y is the consumer willing to exchange for one unit of x while holding the utility level constant when y=4 and x=2? E) Given the above prices income and preferences what is the utility maximizing level of x? and y? Show less

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