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George has $49 which he decides to spend on x and y. Commodity x costs $5 per unit and commodity y costs $11 per unit.
George has $49 which he decides to spend on x and y. Commodity x costs $5 per unit and commodity y costs $11 per unit. He has the utility function U(x, y) = 3x2+ 6y and he can purchase fractional units of x and y. George will choose Select one: O a. equal amounts of the two commodities. O b. onlyy. O c. only x. O d. some of each commodity but more x than y. O e. some of each commodity but more y than x
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