Casper's Utility Function Is 3x + Y, Where X Is

question 74

Multiple Choice

Casper's utility function is 3x + y, where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x², the price of cheese is $8, and Casper's income is $174, how many units of cocoa will he consume?

• A)9
• B)11
• C)12
• D)23
• E)24

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