Hans Has $27 Which He Decides to Spend on X

question 36

Multiple Choice

Hans has $27 which he decides to spend on x and y.Commodity x costs $16 per unit and commodity y costs $10 per unit.He has the utility function U(x, y) = 5x² +2y² and he can purchase fractional units of x and y.Hans will choose

• A)only x.
• B)only y.
• C)some of each commodity but more y than x.
• D)some of each commodity but more x than y.
• E)equal amounts of the two commodities.

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