New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following Utility function U(x,y) = 4x+5y.

    The price of x and y are 5 and 6 respectively. The income of the consumer is 120. Calculate the maximum utility given the budget constraint
    A 96 Correct Answer Incorrect Answer
    B 100 Correct Answer Incorrect Answer
    C 120 Correct Answer Incorrect Answer
    D 80 Correct Answer Incorrect Answer

    Solution

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