Question: 4 C. X 3 D. X =0,x, = 2 15. Consider an Individual with $4 to spend. The price of x, is $1.00. The price

4 C. X 3 D. X =0,x, = 2 15. Consider

4 C. X 3 D. X =0,x, = 2 15. Consider an Individual with $4 to spend. The price of x, is $1.00. The price of x, Is $2.00. If the Individual has a Cobb-Douglas utility function of the form U(x,, x, )= exp(x]"*x;3+1) , what is the optimal bundle for the consumer? A. X =4, x, =0 B. x =1, x, =1.5 4 4 C. X - 3 3 D. X =0,x, =2

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