Multiple Choice
Suppose the price of X is $15 per unit, the price of Y is $12 per unit, the consumer's income is $100, and the consumer's level of satisfaction is measured by XY + Y. The consumer's constraint is
A) X + Y ≤ 100
B) max XY
C) 15X + 12Y ≤ 100
D) Max XY + Y
Correct Answer:
Verified
Correct Answer:
Verified
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