📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    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

    Practice Next
    ask-question