Diana consumes commodities x and y and her utility function, Ask an Expert

Economics

Diana consumes commodities x and y and her utility function is U(x, y) = xy2.
Good x costs $2 per unit and good y costs $1 per unit.
If she is endowed with 3 units of x and 6 units of y, how many units of good y will she consume?
a. 3
b. 8
c. 11
d. 14
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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91057521

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