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In Problem 1, If Charlie's Utility Function Were X3AXB, If

Question 22

Multiple Choice

In Problem 1, if Charlie's utility function were X3AXB, if apples cost 60 cents each, and if bananas cost 10 cents each, Charlie's budget line would be tangent to one of his indifference curves whenever


A) 3XB = 6XA.
B) XB = 3XA.
C) XB = XA.
D) XA = 3XB.
E) 60XA + 10XB = M.

Correct Answer:

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