Henri's Utility Function Is Min{x, 5y +2z}

question 44

Multiple Choice

Henri's utility function is min{x, 5y +2z}.The price of x is $1, the price of y is $15, and the price of z is $7.Henri's income is $44.How many units of x does Henri demand?

• A)9.78
• B)11
• C)5
• D)3
• E)None of the above.

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Fagan Test

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