1-you have the utility function uxy 3xy the price of x is, Ask an Expert

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1-You have the utility function U(x,y) = 3x+y, the price of X is $1 and the price of Y is $2. What is the formula for the expenditure minimizing bundle?

a) (0,(M/Py))

b) (0,(u/Py))

c) ((M/Px),0))

d) ((u/Px),0))

2- 1-You have the utility function U(x,y) = 3x+y, the price of X is $1 and the price of Y is $2. What is the formula for the utility minimizing bundle?

a) (0,(M/Py))

b) (0,(u/Py))

c) ((M/Px),0))

d) ((u/Px),0))

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91572302

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