Multiple Choice
If an individual's utility function is given by and I = 100, px = 1,py = 4,his or her preferred consumption bundle will be:
A) (20,20) .
B) (50,12.5) .
C) (40,15) .
D) (30,15) .
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: An increase in an individual's income without
Q4: If the price of x falls,the budget
Q6: Suppose an individual's MRS (of steak for
Q7: If an individual's utility function for coffee
Q9: Suppose utility is given by U(x,y)= ln
Q10: If an individual's indifference curve map does
Q10: An individual has a utility function
Q11: Suppose that an individual has a constant
Q13: "If an individual is to maximize the
Q17: Suppose that at current consumption levels an