John consumes two goods, X and Y, given the following utility function:
U = X3Y2
The price of X (Px) = $10 , and the price of Y (Py) = $20.
I already solved for the answer x=54 and y=18. The next part of the question is: Say John's friends would want him to buy an equal amount of X and Y. How much money they would need to pay him, on top of his current income, in order for John to agree to do this voluntarily?
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