Multiple Choice
If an individual's utility function for coffee (x) and cream (y) is given by U(x,y) = min (x,5y) ,the demand function for coffee is given by
A) X = I/2px .
B) X = I/(px + py) .
C) X = I/(px + 0.2py) .
D) X = I/(px + py) 2.
Correct Answer:

Verified
Correct Answer:
Verified
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