If an Individual's Utility Function for Coffee (X)and Cream (Y)is

question 7

Multiple Choice

If an individual's utility function for coffee (x) and cream (y) is given by U(x,y) = min (x,5y) ,the demand function for coffee is given by

• A)X = I/2p_x .
• B)X = I/(p_x + p_y).
• C)X = I/(p_x + 0.2p_y).
• D)X = I/(p_x + p_y)².

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Definitions:

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