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Preferred consumption bundle

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Reference no: EM132100644

Would you please review this question and let me know if answer (A) is correct.

If an individual's utility function is given by U(xy) = x0.4y0.6 and I = 200, px = 2,py = 3, his or her preferred consumption bundle will be:

a. (60, 80 over 3)

b. (70, 20)

c. (40, 40)

d. (10, 60)

If I am wrong could you please explain my mistake.

Reference no: EM132100644

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