Suppose that U(x,y) = min(3x,y) . Further suppose that Px = $5 per unit and Py = $10 per unit and income is I = $105. For this consumer, the optimal basket to buy would be
A) (x,y) = (9,3)
B) (x,y) = (3,1)
C) (x,y) = (1,3)
D) (x,y) = (3,9)
Correct Answer:
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