Solved

Angela Has Preferences Represented by the Utility Function U(x, Y)=

Question 29

Multiple Choice

Angela has preferences represented by the utility function U(x, y) = 2x + 2y.She consumes 10 units of good x and 6 units of good y.If her consumption of good x is lowered to 4, how many units of y must she have in order to be exactly as well off as before?


A) 14
B) 13
C) 12
D) 15
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents