Suppose That $U ( x , y ) = \min ( 3 x , y )$

question 68

Multiple Choice

Suppose that $U ( x , y ) = \min ( 3 x , y )$ . Further suppose that $P _ { x } = \$ 5$ per unit and $P _ { y } = \$ 10$ per unit and income is $I = \$ 105$ . For this consumer, the optimal basket to buy would be which of the following?

• A) \(( x , y ) = ( 9,3 )\)
• B) \(( x , y ) = ( 3,1 )\)
• C) \(( x , y ) = ( 1,3 )\)
• D) \(( x , y ) = ( 3,9 )\)

---

Definitions:

Presidential Candidate

An individual who is running for the office of president in a country, usually representing a political party or an independent stance.

Harlem Riot

A series of confrontations and disturbances that occur in the Harlem neighborhood, often sparked by racial tensions or injustices against the African American community.

Discrimination

Discrimination involves unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Impoverishment

The state of being extremely poor.