Solved

Suppose That MUx=10M U _ { x } = 10 And MUy=20M U _ { y } = 20

Question 21

Multiple Choice

Suppose that MUx=10M U _ { x } = 10 and MUy=20M U _ { y } = 20 . Further suppose that the consumer's budget constraint can be expressed as 20x+10y=40020 x + 10 y = 400 . For this consumer, the optimal amount of good xx to buy would be:


A) 5 .
B) 0 .
C) 20.20 .
D) 40 .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents