Multiple Choice
if Charlie's utility function were X 5A XB, the price of apples were pA, the price of bananas were pB, and his income were m, then Charlie's demand for apples would be
A) 0.83m/pA.
B) m/(2pA) .
C) 0.20pAm.
D) m/(pA + pB) .
E) 1.20pBm/pA.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Ambrose's brother Anthony has an income of
Q16: Ambrose's brother Anthony has an income of
Q17: if Charlie's utility function were X <sup>5</sup><sub>A
Q18: if Charlie's utility function were X <sup>2</sup><sub>A
Q19: if Charlie's utility function were X <sup>3</sup><sub>A
Q21: if Charlie's utility function were X <sup>5</sup><sub>A
Q22: if Charlie's utility function were X <sup>5</sup><sub>A
Q23: recall that Casper's utility function is 3x
Q24: recall that Casper's utility function is 3x
Q25: Ambrose's brother Augustine has an income of