Suppose that the utility function for two commodities is given by and that the budget constraint is . What values of x and y will maximize utility?
A)
B)
C)
D)
E)

Question

Suppose that the utility function for two commodities is given by  and that the budget constraint is  . What values of x and y will maximize utility? ​
A) ​ 
B) ​ 
C) ​ 
D) ​ 
E) ​

Quizplus · Accepted Answer

The Answer of Suppose that the utility function for two commodities is given by  and that the budget constraint is  . What values of x and y will maximize utility? ​
A) ​ 
B) ​ 
C) ​ 
D) ​ 
E) ​

Suppose That the Utility Function for Two Commodities Is Given