Multiple Choice
if Charlie's utility function were X 2A XB, the price of apples were pA, the price of bananas were pB, and his income were m, then Charlie's demand for apples would be
A) m/(2pA) .
B) 0.50pAm.
C) m/(pA + pB) .
D) 0.67m/pA.
E) 1.50pBm/pA.
Correct Answer:
Verified
Correct Answer:
Verified
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