Business
Business, 25.03.2020 20:16, puchie1225

Hans has $27 which he decides to spend on x and y. Commodity x costs $16 per unit and commodity y costs $10 per unit. He has the utility function U(x, y) = 5x^2 + 2y^2 and he can purchase fractional units of x and y. Hans will choose A. only x. only y. B. some of each commodity but more y than x. C. some of each commodity but more x than y. D. equal amounts of the two commodities.

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Hans has $27 which he decides to spend on x and y. Commodity x costs $16 per unit and commodity y co...

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