If Charlie's Utility Function Is X ⁵_A X_B, the Price

question 24

Multiple Choice

If Charlie's utility function is X ⁵_A X_B, the price of apples is p_A, the price of bananas is p_B, and his income is m, then Charlie's demand for apples will be

• A)0.83m/p_A.
• B)m/2p_A.
• C)m/(p_A + p_B).
• D) 0./20p A m.
• E) 1.20pB m/pA.

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