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

question 48

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)50
• C)10
• D)100
• E)150

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William Julius Wilson

William Julius Wilson is an American sociologist known for his work on race, class, and poverty in the United States, particularly his theories on the urban underclass and the impact of structural economic changes on American society.

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