What is the formula for the utility minimizing bundle

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Reference no: EM13898297

1-You have the utility function U(x,y) = 3x+y, the price of X is $1 and the price of Y is $2. What is the formula for the expenditure minimizing bundle?

a) (0,(M/Py))

b) (0,(u/Py))

c) ((M/Px),0))

d) ((u/Px),0))

2- 1-You have the utility function U(x,y) = 3x+y, the price of X is $1 and the price of Y is $2. What is the formula for the utility minimizing bundle?

a) (0,(M/Py))

b) (0,(u/Py))

c) ((M/Px),0))

d) ((u/Px),0))

Reference no: EM13898297

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