Charlie Has a Utility Function U(x_A, X_B)=x_Ax_B, the Price of Apples

question 30

Multiple Choice

Charlie has a utility function U(x_A, x_B) =x_Ax_B, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $200, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

• A)25
• B)10
• C)100
• D)50
• E)150

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Definitions:

Rights Theory

A conceptual framework focusing on what individuals are entitled to do according to moral principles or legal rights, often emphasizing the respect for individuals' autonomy.

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can imply the socioeconomic or personal consequences associated with expressing one's opinions or statements.

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A belief or attitude that one deserves certain privileges or special treatment, often without consideration for others or the circumstances.