If Charlie's utility function were X⁴_AX_B and if apples cost 30 cents each and bananas cost 10 cents each, Charlie's budget line would be tangent to one of his indifference curves whenever A) 4X_B = 3X_A. B) X_B = X_A. C) X_A = 4X_B. D) X_B = 4X_A. E) 30X_A + 10X_B = M.

Question

Quizplus · Accepted Answer

The Answer of If Charlie's utility function were X⁴_AX_B and if apples cost 30 cents each and bananas cost 10 cents each, Charlie's budget line would be tangent to one of his indifference curves whenever A) 4X_B = 3X_A. B) X_B = X_A. C) X_A = 4X_B. D) X_B = 4X_A. E) 30X_A + 10X_B = M.

If Charlie's Utility Function Were X4AXB and If Apples Cost

If Charlie's Utility Function Were X⁴_AX_B and If Apples Cost