Given the Expression Min _(x,y) Expenditure P_x X + P_yy

question 53

Multiple Choice

Given the expression min _(x,y) expenditure P_x x + P_yy subject to: U(x, y) = U*, the endogenous variables are

• A) x and P_x.
• B) only U*.
• C) x and y.
• D) P_x and P_y.

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