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Charlie consumes only apples and bananas. His utility function is U(xA, xB) = xAxB. Suppose that the price of apples is 1, the price of

Charlie consumes only apples and bananas. His utility function is U(xA, xB) = xAxB. Suppose that the

price of apples is 1, the price of bananas is 2, and Charlie's income is 40. [4 points]

(a) Can Charlie afford any bundles that give him a utility of 150?

(b) Can Charlie afford any bundles that give him a utility of 300?

(d) What is Charlie's utility maximizing bundle?

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