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A Utility Function Is Given By U=x123x212U = x _ { 1 } ^ { \frac { 2 } { 3 } } x _ { 2 } ^ { \frac { 1 } { 2 } }

Question 5

Multiple Choice

A utility function is given by U=x123x212U = x _ { 1 } ^ { \frac { 2 } { 3 } } x _ { 2 } ^ { \frac { 1 } { 2 } } Find the value of x2 if the points, (64, 256) and (512, x2) lie on the same indifference curve.


A) 64
B) 4
C) 16
D) 256
E) 1024

Correct Answer:

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