Multiple Choice
If Charlie's utility function is X 5A XB, the price of apples is pA, the price of bananas is pB, and his income is m, then Charlie's demand for apples will be
A) 0.83m/pA.
B) m/2pA.
C) m/(pA + pB) .
D) 0./20pAm.
E) 1.20pB m/pA.
Correct Answer:
Verified
Correct Answer:
Verified
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