Question

Anqi pays 45 dollars per unit of x and 30 dollars per unit of y. Her...

Anqi pays 45 dollars per unit of x and 30 dollars per unit of y. Her preferences are u(x, y) = x1/2y1/2. Anqi's income is 1800 dollars. If she joins a price club she can purchase good x for only 20 dollars per unit. What is the maximum fee that Anqi should pay for a membership at this price club?

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