Suppose that the utility function for two goods ( X ) and ( Y ) is given by ( U=x^{2} y ). (a) Write the equation of the indifference curve for a consumer who purchases 4 units of ( X ) and 20 units of ( Y ). (b) If the consumer purchases 80 units of ( Y ), how many units of ( X ) must be purchased to retain the sarne level of utilit solutionspile.com

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Suppose that the utility function for two goods  ( X  ) and  ( Y  ) is given by  ( U=x^{2} y  ). (a) Write the equation of the indifference curve for a consumer who purchases 4 units of  ( X  ) and 20 units of  ( Y  ). (b) If the consumer purchases 80 units of  ( Y  ), how many units of  ( X  ) must be purchased to retain the sarne level of utility? solutionspile.com

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(Solved): Suppose that the utility function for two goods \( X \) and \( Y \) is given by \( U=x^{2} y \). (a ...

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