Carl has the utility function U(x,y)= x²+ y. The price of x is 1 and the price of y is 1. Carl's income is $10. When Carl's income increases by $10, his consumption of x will be: A)1/2. B)2. C)1. D)4.

Name: Carl has the utility function U(x,y)= x 2 + y. The price of x is 1 and the price of y is 1. Carl's income is $10. When Carl's income increases by $10, his consumption of x will be: A)1/2. B)2. C)1. D)4.
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The Answer is A

Carl Has the Utility Function U(x,y)= X2 + Y

Carl Has the Utility Function U(x,y)= X²+ Y