Question

    Consider the following Utility function U(x,y) = 9x+11y. The price of x and y are 8 and 10 respectively. The income of the consumer is 120. Calculate the maximum utility given the budget constraint

    A 132 Correct Answer Incorrect Answer
    B 100 Correct Answer Incorrect Answer
    C 120 Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

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