Multiple Choice
Natalie consumes only apples and tomatoes. Her utility function is U(x, y) = x2y8, where x is the number of apples consumed and y is the number of tomatoes consumed. Natalie's income is $320, and the prices of apples and tomatoes are $4 and $3, respectively. How many apples will she consume?
A) 21.33
B) 16
C) 8
D) 48
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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