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If an Individual's Utility Function Is Given by

Question 15

Multiple Choice

If an individual's utility function is given by If an individual's utility function is given by And I = 100,p<sub>x</sub> = 1,p<sub>y</sub> = 4,his or her preferred consumption bundle will be: A) (20,20) . B) (50,12.5) . C) (40,15) . D) (30,15) .
And I = 100,px = 1,py = 4,his or her preferred consumption bundle will be:


A) (20,20) .
B) (50,12.5) .
C) (40,15) .
D) (30,15) .

Correct Answer:

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