what bundle would Linus choose if the price of x is $2, the price of y is $4, and his income is $24?
A) (0, 6)
B) (12, 0)
C) (12, 6)
D) (6, 3)
E) (6, 6)
Correct Answer:
Verified
Q17: Charlie has a utility function U(xA, xB)=xAxB,
Q18: Ambrose's utility is U(x1, x2)= = 4x1/21
Q19: Clara's utility function is U(X, Y)=(X +
Q20: Ambrose's utility is U(x1, x2)= = 4x1/21
Q21: Elmer's utility function is U(x, y)=
Q23: Ambrose's utility function is = 4x1/21 +
Q24: Elmer's utility function is U(x, y)= min{x,
Q25: Ambrose's utility function is = 4x1/21 +
Q26: Ambrose's utility function is = 4x1/21 +
Q27: Elmer's utility function is U(x, y)= min{x,
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