Question for commodities x and y a consumers utility, Ask an Expert

Economics

Question: For commodities x and y, a consumer's utility function is u(x, y) = x²y. The consumer faces the budget constraint of 2x + y = 15. Based on this information we can conclude that:

A. x and y are complement commodities

B. x and y are independent commodities

C. x and y are substitute commodities

D. nothing, as the provided information is insufficient to conclude anything with certainty.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92582500

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