Ambrose's Utility Function Is U(x, Y)= X +4y^1/2

question 57

True/False

Ambrose's utility function is U(x, y)= x +4y^1/2.The price of x is $1 and the price of y is $2.If his income rises from $100 to $150, his consumption of y increases by more than 10% but less than 50%.

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