Charlie's Utility Function Is U(x_A, X_B)=x_Ax_B

question 17

Multiple Choice

Charlie's utility function is U(x_A, x_B) =x_Ax_B.If Charlie's income were $40, the price of apples were $2, and the price of bananas were $5, how many apples would there be in the best bundle that Charlie could afford?

• A)20
• B)6
• C)4
• D)5
• E)10

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Definitions:

Evidence of Human

Indications or traces left by human activities, presence, or developments throughout history.

Stone Tool Tradition

The practice of making and using tools made from stone by human societies, particularly during the Paleolithic period.

First Primates

The earliest known members of the primate order, which includes humans, monkeys, and apes, characterized by traits such as grasping hands and stereoscopic vision.

Meat Consumption

The practice of eating meat, which includes various types of animal flesh and organs, as a part of a diet.