Question: Given the utility function of a consumer for the goods x and y, U = (x+2)(y+1) and the prices of goods are P, = 4
Given the utility function of a consumer for the goods x and y, U = (x+2)(y+1) and the prices of goods are P, = 4 TL and Py = 6 TL while the consumer's budget is B = 130TL (Note: There are 5 questions in the test regarding the information given above) Which of the following is true about the above problem? Ta Ltfen birini sein: O a. Since | H is less than zero, the optimal purchase levels maximize utility. b. Since H is less than zero, the optimal purchase levels minimize utility. O c. Since |H| is greater than zero, the optimal purchase levels minimize utility d. Since | His greater than zero, the optimal purchase levels maximize utility You Byte Cance Given the utility function of a consumer for the goods x and y, U = (x+2)(y+1) and the prices of goods are P, = 4 TL and Py = 6 TL while the consumer's budget is B = 130TL (Note: There are 5 questions in the test regarding the information given above) Which of the following is true about the above problem? Ta Ltfen birini sein: O a. Since | H is less than zero, the optimal purchase levels maximize utility. b. Since H is less than zero, the optimal purchase levels minimize utility. O c. Since |H| is greater than zero, the optimal purchase levels minimize utility d. Since | His greater than zero, the optimal purchase levels maximize utility You Byte Cance
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