II. If the utility functi

II. If the utility functi

II. If the utility function is given by:  U(x,y) = X^(1/2) + Y^(1/2), and Price of X is $ 4, price of Y is $ 1. At given Income I = $ 60, calculate each of thefollowing:1. X, Y, and level of utility?2. If Py increases to $ 6, what is the additional income needed tomaintain the same level of utility that you found in part 1?

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