If an Individual's Utility Function Is Given By $U ( x , y ) = \sqrt { x y }$

question 8

Multiple Choice

If an individual's utility function is given by $U ( x , y ) = \sqrt { x y }$ and I = 100, p_x = 1,p_y = 4,his or her preferred consumption bundle will be:

• A)(20,20).
• B)(50,12.5).
• C)(40,15).
• D)(30,15).

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The practice of planning, directing, controlling, and managing an organization's financial activities, such as procurement and utilization of funds.

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