If Utility Is Given By $U ( x , y ) = x ^ { 2 } + y ^ { 2 }$

question 1

Multiple Choice

If utility is given by $U ( x , y ) = x ^ { 2 } + y ^ { 2 }$ and p_x = 2,p_y = 3,I = 50,this person will choose

• A)(10,10).
• B)(15,6.67).
• C)(25,0).
• D)(0,50/3).

---

Definitions:

Investment Account

An account held at a financial institution that contains securities, cash, and other investments owned by the account holder.

Net Income

The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Dividends

Payments made by a corporation to its shareholders, typically from earnings, as a distribution of profits.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's earnings.