Suppose That Defne's MU_X = Y² and MU_Y = 2XY

question 5

Essay

Suppose that Defne's MU_X = Y² and MU_Y = 2XY. The price of good X is $10 and the price of good Y is $2. If Defne is consuming 8 units of good X and 16 units of good Y, is she maximizing utility? Explain your answer.

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