Question

This question obtained (2) Marks: 

Consider A’s utility function to be U(x,y)=(min{X,Y})1/2, the price of good X is Rs.2 and price of good Y is Rs.1. Calculate the total Utility of A if her income is Rs.60

A 3.67 Correct Answer Incorrect Answer
B 4.47 Correct Answer Incorrect Answer
C 5.27 Correct Answer Incorrect Answer
D 4.20 Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

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