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2. A consumer consumes two goods, X1 and X2, and has utility function U 2x1 + x2. The price of good 1 is 1 and
2. A consumer consumes two goods, X1 and X2, and has utility function U 2x1 + x2. The price of good 1 is 1 and the price of good 2 is 2. The consumer has income 1, and could not spend more than the available income. The consumer cannot consume negative amount of quantities of either goods. If xand x* are the quantity the maximise the consumer's utility, which of the following is true? a) x > 0,x > 0 = (b) x1 = 0, x > 0 (c) x > 0, x = 0 = 1 = 2. A consumer consumes two goods, Xi and X2, and has utility function U 2x1 + x2. The price of good 1 is 1 and the price of good 2 is 2. The consumer has income 1, and could not spend more than the available income. The consumer cannot consume negative amount of quantities of either goods. If x* and are the quantity the maximise the consumer's utility, which of the following is true? *
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