Suppose that Aji Fatou always consumes 2 spoons of sugar (X1)with each cup of coffee (X2). If the price of sugar is p1 per spoonful and the price of coffee is p2 per cup and Aji Fatou has m dollars to spend on coffee and sugar. What is Aji Fatou's Utility Functions? O a. U(X1,X2)= Min{2X1,X2). O b. U(X1,X2) = Min{X1,2X2). Oc U(X1 X2) =2X1 + X2 O d. U(X1, X2) =X1+ 2X2

Suppose that Aji Fatou always consumes 2 spoons of sugar (X1)with each cup of coffee (X2). If the price of sugar is p1 per spoonful and the price of coffee is p2 per cup and Aji Fatou has m dollars to spend on coffee and sugar. What is Aji Fatou's Utility Functions? O a. U(X1,X2)= Min{2X1,X2). O b. U(X1,X2) = Min{X1,2X2). Oc U(X1 X2) =2X1 + X2 O d. U(X1, X2) =X1+ 2X2

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section6.A: Indifference Curve Analysis

Problem 1SQP

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