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Ginger's utility function is U(x,y)=x2y with associated marginal utility functions MUx=2xy and MUy=x2. She has income...

Ginger's utility function is U(x,y)=x2y with associated marginal utility functions MUx=2xy and MUy=x2. She has income I=240 and faces prices Px= $8 and Py =$2.

a. Determine Gingers optimal basket given these prices and her in.

b. If the price of y increase to $8 and Ginger's income is unchanged what must the price of x fall to in order for her to be exactly as well as before the change in Py?

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PLEASE RATE THUMBS UP ??

THANKYOU

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