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Charlie Consumes Apples and Bananas U(XA,XB)=xAx2B \mathbf{U}\left(X_{A}, X_{B}\right)=x_{A} x^{2} B

question 13

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Charlie consumes apples and bananas. His utility function is U(XA,XB) =xAx2B \mathbf{U}\left(X_{A}, X_{B}\right) =x_{A} x^{2} B
-refer to scenario above ,Charlie's utility function is xAxB.The price of apples used to be $1 per unit, and the price of bananas $2 per unit.His income was $40 per day.If the price of apples increased to $1.50 and the price of bananas fell to $.75, then in order to be able to just afford his old bundle, Charlie would have to have a daily income of


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