The Only Quantities of Good 1 That Barbie Can Buy

question 17

Multiple Choice

the only quantities of good 1 that Barbie can buy are 1 unit or zero units.For x₁ equal to zero or 1 and for all positive values of x₂, suppose that Barbie's preferences were represented by the utility function (x₁ + 12) (x₂ + 8) .Then if her income were $36, her reservation price for good 1 would be

• A)$3.38.
• B)$6.77.
• C)$1.50.
• D)$4.50.
• E)$.57.

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