Jimmy's utility function is U(a, b) = ab, where a is his consumption of apples and b is his consumption of bananas. If prices and income change in such a way that Jimmy's old consumption lies on his new budget line, then Jimmy will not change his consumption bundle.

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The Answer of Jimmy's utility function is U(a, b) = ab, where a is his consumption of apples and b is his consumption of bananas. If prices and income change in such a way that Jimmy's old consumption lies on his new budget line, then Jimmy will not change his consumption bundle.

Jimmy's Utility Function Is U(a, B) = Ab, Where a Is