For the Utility Function U =3x5y and Income Constraint I

question 36

Multiple Choice

For the utility function U =3x5y and income constraint I =3x + 5y,the utility maximizing consumer will choose to consume:

• A)all x.
• B)all y.
• C)one half of their income in good x and one half of their income in good y.
• D)unknown because there is no unique utility maximizing combination of x and y.

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Holter Monitor

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Cardiology Patient

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