If Charlie's Utility Function Were X ²_A X_B, the Price

question 1

Multiple Choice

if Charlie's utility function were X ²_A X_B, the price of apples were p_A, the price of bananas were p_B, and his income were m, then Charlie's demand for apples would be

• A)0.67m/p_A.
• B)0.50p_Am.
• C)m/(p_A + p_B).
• D)m/(2p_A).
• E)1.50p_Bm/p_A.

---

Definitions:

Open Charge Account

A type of credit account that allows customers to make purchases up to a pre-approved limit and pay for them at a later date.

Installment Account

A credit account where the borrower repays the principal and interest in regular, scheduled payments.

Line of Credit

A flexible loan arrangement with a financial institution that allows a borrower to draw funds up to a specified limit as needed.

Outdoor Advertising

Advertising that reaches consumers while they are outside their homes, including billboards, transit posters, and digital signage.