Suppose That the Utility Function for Two Commodities Is Given

question 99

Multiple Choice

Suppose that the utility function for two commodities is given by , and the budget constraint is . Find the values of x and y that maximize utility. ​

• A) The maximum is at .
• B) The maximum is at .
• C) The maximum is at .
• D) The maximum is at .
• E) The maximum is at .

---

Definitions:

Lead Entrepreneur

The primary individual responsible for the vision, strategy, and overall direction of a startup or entrepreneurial venture.

Venture Capital-Backed

Describes businesses that have received funding from venture capitalists, who invest in startups with high growth potential in exchange for equity.

Harvest

In a business context, refers to the act of selling off or extracting value from an investment at a profit.

Original Investment

The initial sum of money put into a project, business, or financial asset.