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If an Individual's Utility Function Is Given By U(x,y)=xyU ( x , y ) = \sqrt { x y }

Question 8

Multiple Choice

If an individual's utility function is given by U(x,y) =xyU ( x , y ) = \sqrt { x y } 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) .

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