Question
A consumers utility function over goods X and Y is U(X,Y)=XY + 10Y. Suppose this consumer has an income of $110, the price of good
A consumers utility function over goods X and Y is U(X,Y)=XY + 10Y. Suppose this consumer has an income of $110, the price of good Y is $2, and the price of good X is $1. How many units of good X and Y should the consumer purchases to maximize utility?
A. X = 30 Y=40
B. X = 60 Y=25
C. X = 50 Y=30
D. X = 40 Y=35
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Surviving The OSHA Audit Common Sense Solutions To Your Most Feared OSHA Compliance Issues
Authors: David A. Casavant
1st Edition
0998743704, 978-0998743707
