Mike Teevee likes to watch television and to eat candy. In fact his utility function is U(x, y) = x2y, where x is the number of hours he spends watching television and y is the number of dollars per week he spends on candy. Mike's mother doesn't like him to watch so much television. She limits his television watching to 36 hours a week and in addition she pays him $1 an hour for every hour that he reduces his television watching below 36 hours a week. If this is Mike's only source of income to buy candy, how many hours of television does he watch per week?
A) 36
B) 12
C) 24
D) 18
E) 16
Correct Answer:
Verified
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