Multiple Choice
Joseph's utility function is given by xA + 2xB, where xA denotes his consumption of apples and xB his consumption of bananas. If a banana cost 50 cents and an apple costs also 50 cents, how many apples will he buy if his income is $10?
A) 20
B) 10
C) 0
D) 5
Correct Answer:
Verified
Correct Answer:
Verified
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