Jeremy consumes only two goods, X and Y, and faces the following utility function: U = XY The marginal utity for X is MUx -Y and the marginal utility for Y is MUy = X. His initial budget is $800, and...

Extracted text: Jeremy consumes only two goods, X and Y, and faces the following utility function: U = XY The marginal utity for X is MUx -Y and the marginal utility for Y is MUy = X. His initial budget is $800, and the prices of X and Y are $12.5 and $2. %3D "Most answers should be round numbers. Answer everything to 1 decimal place, if need be What are the amounts of X and Y that will maximize Joremy's utility? X= Number Y= Number How many X and Y will Jeremy choose if the price of X suddenly fell to S8? X- Number Y. Number How many X and Y are in the substitution bundle? X- Number Y. Number What are the break-downs of the prioe change on the amount of X purchased? Subslitution effect Number Income etfect Number