Mort's utility function is U(x₁, x₂) = x₁x₂. His income is $100. The price of good 2 is $10. Good 1 is priced as follows. The first 6 units cost $10 per unit and any additional units cost $5 per unit. What consumption bundle does Mort choose? A) (5, 5) B) (7, 3.5) C) (9, 3) D) (6, 4) E) None of the above.

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The Answer of Mort's utility function is U(x₁, x₂) = x₁x₂. His income is $100. The price of good 2 is $10. Good 1 is priced as follows. The first 6 units cost $10 per unit and any additional units cost $5 per unit. What consumption bundle does Mort choose? A) (5, 5) B) (7, 3.5) C) (9, 3) D) (6, 4) E) None of the above.

Mort's Utility Function Is U(x1, X2) = X1x2

Mort's Utility Function Is U(x₁, X₂) = X₁x₂