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Bookmarks Window Help A elearn.ucr.edu UCR M b V P M Bryan has a Cobb-Douglas utility function and consumes two goods, x and y. He

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Bookmarks Window Help A elearn.ucr.edu UCR M b V P M Bryan has a Cobb-Douglas utility function and consumes two goods, x and y. He tells you that his marginal rate of substitution (MRSay) at his optimal bundle is equal to 2. You know that the price of x is equal to $2 and the price of y is equal to $1. What is true about Bryan? He is definitely maximizing his utility. O He might be maximizing utility, assuming he is spending all of his income He is not maximizing his utility because he is consuming inside his budget constraint He is definitely not maximizing his utility. He needs to consume more x and less y He is definitely not maximizing his utility. He needs to consume more y and less x

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