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Jay lenos utility function is u 15x05y where x is the

Jay Leno's utility function is U = 15X0.5Y, where X is the quantity of stand-up comedy DVDs and Y is the quantity of classic cars. If the price of a classic car is $20,000 and the price of a DVD is $25, is Jay maximizing his utility by buying 10 classic cars and 3,000 DVDs when his income is $300,000? Explain.

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Business Economics: Jay lenos utility function is u 15x05y where x is the

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