Janet consumes x₁and x₂together in fixed proportions. She always consumes 2 units of x₁ for every unit x₂. One utility function that describes her preferences is A) U(x₁, x₂) = 2x₁x₂. B) U(x₁, x₂) = 2x₁ + x₂. C) U(x₁, x₂) = x₁ + 2x₂. D) U(x₁, x₂) = min{ 2x₁, x₂}. E) U(x₁, x₂) = min{x₁, 2x₂}.

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The Answer of Janet consumes x₁and x₂together in fixed proportions. She always consumes 2 units of x₁ for every unit x₂. One utility function that describes her preferences is A) U(x₁, x₂) = 2x₁x₂. B) U(x₁, x₂) = 2x₁ + x₂. C) U(x₁, x₂) = x₁ + 2x₂. D) U(x₁, x₂) = min{ 2x₁, x₂}. E) U(x₁, x₂) = min{x₁, 2x₂}.

Janet Consumes X1 and X2 together in Fixed Proportions

Janet Consumes X₁and X₂together in Fixed Proportions