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Optimal consumption basket

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Reference no: EM131234751

Mark's preferences over goods X and Y are given by U(X, Y) = XY + 10X+10Y

If the price of good x is $ 6and the price of good y is $ 2, and Mark can spend a combined total of $ 20 each day on these goods, find Mark's optimal consumption basket.

Reference no: EM131234751

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