What is the function of budget constraint for charlie

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Charlie likes both apples and bananas. He consumes nothing else. Charlie consumes x1 bushels of apples per year and x2 bushels of bananas per year. Suppose that Charlie’s preference is represented in the following utility function: (x1 x2) = x1 x2 . Also, suppose that the price of x1 is $1, the price of x2 is $2, and Charlie's income is $40. What is the function of budget constraint for Charlie and the marginal utility for the apples and bananas?

Reference no: EM13732343

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