Multiple Choice
Joseph's utility function is given by xA + 2xB, where xA denotes his consumption of apples and xB his consumption of bananas. Suppose a banana cost 50 cents and an apple costs also 50 cents. If his income is $10, then his consumption bundle (xA,xB) is:
A) (20,40) .
B) (20,20) .
C) (0,20) .
D) (20,0) .
Correct Answer:
Verified
Correct Answer:
Verified
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