Henri's Utility Function Is Min{x, 5y + 2z}

question 37

Multiple Choice

Henri's utility function is min{x, 5y + 2z}. The price of x is $1, the price of y is $15, and the price of z is $7. Henri's income is $44. How many units of x does Henri demand?

• A) 9.78
• B) 11
• C) 5
• D) 3
• E) None of the above.