Multiple Choice
recall that Casper's utility function is 3x + y, where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x2, the price of cheese is $4, and Casper's income is $51, how many units of cocoa will he consume?
A) 3
B) 5
C) 11
D) 6
E) 12
Correct Answer:
Verified
Correct Answer:
Verified
Q3: recall that Miss Muffett insists on consuming
Q4: recall that Casper's utility function is 3x
Q5: recall that Casper's utility function is 3x
Q6: Ambrose's brother Bartholomew has an income of
Q7: where x is whips and y is
Q9: recall that Miss Muffett insists on consuming
Q10: Ambrose's brother Bartholomew has an income of
Q11: recall that Miss Muffett insists on consuming
Q12: Ambrose's brother Bartholomew has an income of
Q13: where x is whips and y is