Charlotte spends her income of $2400 on clothing (good x), and the composite good (good y). The utility Charlotte receives from consuming a basket of clothing and the composite good is U(x,y) = 2√x + (y/300) The corresponding marginal utilities are MUx = 1/√x and MUy = 1/300 Question: Find Charlotte's optimal consumption basket when the price of clothing increases to Px2 =$60 (the price of the composite good remains Py = \$1).