Question

Let the utility function of a consumer be given by U(x,y) = min {y+2x, x+2y}. Prices are given by Px=1, Py=3, while the consumer’s income is M=20. Then her equilibrium consumption will be

A (5,5)
B (15,5)
C (5,15)
D (15,15)
E None of the above
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