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  2. Topic
    Business
  3. Study Set
    Microeconomic Theory Basic
  4. Exam
    Exam 2: Utility Maximization and Choice
  5. Question
    If Utility Is Given By\(U ( x , y ) = x ^ { 2 } + y ^ { 2 }\)
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If Utility Is Given By U(x,y)=x2+y2U ( x , y ) = x ^ { 2 } + y ^ { 2 }U(x,y)=x2+y2

Question 1

Question 1

Multiple Choice

If utility is given by U(x,y) =x2+y2U ( x , y ) = x ^ { 2 } + y ^ { 2 }U(x,y) =x2+y2 and px = 2,py = 3,I = 50,this person will choose


A) (10,10) .
B) (15,6.67) .
C) (25,0) .
D) (0,50/3) .

Correct Answer:

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