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{"ops":[{"insert":"(b) A consumer has a utility function of the form; U = X.Y Where Xand Y are any two goods. Given further that; The price of goodsX (Px) = Kshs. 8 The price of good Y (Py) = Kshs. 20 Theconsumers income (I) = Kshs. 1000"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"(i) Calculate the number of units that the consumer should consume in order to maximize utility. (10 marks)"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"(ii)What is the maximum utility the consumer derives from the consumption of the two goods. (2 marks)"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":""},{"insert":"\n"}]}
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