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Suppose a Consumer Has M = $200 to Spend on Two

Question 62

Multiple Choice

Suppose a consumer has M = $200 to spend on two goods, X and Y. If the per-unit prices of X and Y are respectively given by PX = $2 and PY = $4, then utility maximization subject to a budget constraint can be found from which of the following Lagrangians?


A)
Suppose a consumer has M = $200 to spend on two goods, X and Y. If the per-unit prices of X and Y are respectively given by P<sub>X</sub> = $2 and P<sub>Y</sub> = $4, then utility maximization subject to a budget constraint can be found from which of the following Lagrangians? A) B) C) D)
B)
Suppose a consumer has M = $200 to spend on two goods, X and Y. If the per-unit prices of X and Y are respectively given by P<sub>X</sub> = $2 and P<sub>Y</sub> = $4, then utility maximization subject to a budget constraint can be found from which of the following Lagrangians? A) B) C) D)
C)
Suppose a consumer has M = $200 to spend on two goods, X and Y. If the per-unit prices of X and Y are respectively given by P<sub>X</sub> = $2 and P<sub>Y</sub> = $4, then utility maximization subject to a budget constraint can be found from which of the following Lagrangians? A) B) C) D)
D)
Suppose a consumer has M = $200 to spend on two goods, X and Y. If the per-unit prices of X and Y are respectively given by P<sub>X</sub> = $2 and P<sub>Y</sub> = $4, then utility maximization subject to a budget constraint can be found from which of the following Lagrangians? A) B) C) D)

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