Harvey Habit Has a Utility Function U(c₁, C₂)= Min{c₁

Multiple Choice

Harvey Habit has a utility function U(c₁, c₂) = min{c₁, c₂}.If he had an income of $1,290 in period 1 and $860 in period 2 and if the interest rate were 15%, how much would Harvey choose to spend on bread in period 1?

A) $1,635
B) $363.33
C) $545
D) $2,180
E) $1,090