Charlie Consumes Apples and Bananas $\mathbf{U}\left(X_{A}, X_{B}\right)=x_{A} x^{2} B$

question 13

Multiple Choice

Charlie consumes apples and bananas. His utility function is $\mathbf{U}\left(X_{A}, X_{B}\right) =x_{A} x^{2} B$
-refer to scenario above ,Charlie's utility function is x_Ax_B.The price of apples used to be $1 per unit, and the price of bananas $2 per unit.His income was $40 per day.If the price of apples increased to $1.50 and the price of bananas fell to $.75, then in order to be able to just afford his old bundle, Charlie would have to have a daily income of

• A)$56.25.
• B)$37.50.
• C)$76.
• D)$18.75.
• E)$150.

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Definitions:

Ideal Self

The person an individual aspires to be, based on their goals, aspirations, and standards of personal excellence.

Successful

Achieving desired aims or attaining prosperity, often marked by favorable outcomes.

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An acute awareness of oneself, one's appearance, or one's actions, often leading to feelings of vulnerability about how one is perceived by others.

Self-Concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's own abilities, appearance, and personality.