Question: Utility function: U(x, y) = x y a.) If x=5 and y=80, then U=20 b.) If x=10 and y=40, then U=20 c.) If x=20 and
Utility function: U(x, y) =xy
a.) If x=5 and y=80, then U=20 b.) If x=10 and y=40, then U=20 c.) If x=20 and y= 20, then U=20 The graph of the budget constraint (budget line):
20 Budget Constraint 10+ 40 80
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