please answer both a, b and c quickly..

Community Answer

Given,Utility function =4xy{:[y_(1)=1000],[P_(x)=4],[P_(y)=8]:}Budget line =4x+8y=1000(a) Among the values:itility maximization requires.{:[(MUX)/(P_(x))=(MUY)/(P_(y))],[(4x)/(4)=(4x)/(8)],[Y=0.5 x],[=>4x+8xx0.5 x=1000],[=>4x+4x=1000],[8x=1000],[x=125],[Y=0.5 X],[Y=0.5 xx125],[y=62.5≃63]:}125 units of X and 63 units of Y{:[" utility "=4xx y],[=4xx125 xx63],[" utility "=31","500]:} ... See the full answer