Mr. Inflexible's utility function is U(x₁,x₂)= min(x₁,x₂). The price of x₁is $1, the price of x₂is $2, and Mr. Inflexible's budget is $120. His utility maximizing consumption bundle is: A)(20, 40). B)(20, 50). C)(40, 40). D)(60, 30).

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The Answer of Mr. Inflexible's utility function is U(x₁,x₂)= min(x₁,x₂). The price of x₁is $1, the price of x₂is $2, and Mr. Inflexible's budget is $120. His utility maximizing consumption bundle is: A)(20, 40). B)(20, 50). C)(40, 40). D)(60, 30).

Mr Inflexible's Utility Function Is U(x1,x2)= Min(x1,x2)

Mr Inflexible's Utility Function Is U(x₁,x₂)= Min(x₁,x₂)