Martha's Utility Function Is U(x, Y)= Min{x + 2y, 2x

question 39

Multiple Choice

Martha's utility function is U(x, y) = min{x + 2y, 2x + y}.George's utility function is U(x, y) =min{2x + 4y, 4x + 2y}.If George and Martha have the same income and face the same prices for the goods x and y,

• A)George and Martha will both demand the same amount of y.
• B)Martha will always prefer George's consumption bundle to her own.
• C)George will always prefer Martha's consumption bundle to his own.
• D)George will demand more x than Martha demands.
• E)None of the above.