Question: Jamal has a utility function Ub (X 1, X 2 ) = (X 1 + 2) x (X 2 +3). He also has income m

Jamal has a utility function Ub (X1, X2) = (X1+ 2) x (X2 +3). He also has income m, and faces P1 and P2 for goods 1 and 2 respectively.

What is Jamal's budget constraint?

a. P1X1+ P2X2 = m

b. (P1 + P2) (X1 + X2) = m

c. P1 + P2 = m

d. P1X1 + P2X2 + m = 0

e. none of these.

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