Mike consumes two commodities, x and y; and his utility function is min{x +2y,y+2x}.He chooses to buy 8 units of good x and 16 units of good y.The price of good y is 0.50.What is his income?


Mike consumes two commodities, x and y; and his utility function is min{x +2y,y+2x}.He chooses to buy 8 units of good x and 16 units of good y.The price of good y is 0.50.What is his income?

A.32

B.40

C.24

D.16

正确答案:16


Tag:中级微观经济学 时间:2023-12-17 11:46:56