Consumer C has utility function u(a, b) = 3a + 10b. If we observe that Pb = 20 and a* > 0, what is the upper limit on what på can be? O Pa ≤ 1 O Pa ≤ 2 O Pa ≤ 3 O Pa ≤ 6 O Pa ≤ 10/3 O Impossible to determine without knowing income
Consumer C has utility function u(a, b) = 3a + 10b. If we observe that Pb = 20 and a* > 0, what is the upper limit on what på can be? O Pa ≤ 1 O Pa ≤ 2 O Pa ≤ 3 O Pa ≤ 6 O Pa ≤ 10/3 O Impossible to determine without knowing income
Chapter1: Making Economics Decisions
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![Consumer C has utility function u(a, b) : = 3a + 10b. If we observe that
Pb = 20 and a* > 0, what is the upper limit on what på can be?
O Pa ≤ 1
O Pa ≤ 2
O Pa ≤ 3
O Pa ≤ 6
O Pa ≤ 10/3
O Impossible to determine without knowing income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faaab6401-3225-4fce-b934-defd9ccd0006%2F7d1443ec-0deb-49b8-8e0c-eb7f830a879a%2Fcmi5vv_processed.png&w=3840&q=75)
Transcribed Image Text:Consumer C has utility function u(a, b) : = 3a + 10b. If we observe that
Pb = 20 and a* > 0, what is the upper limit on what på can be?
O Pa ≤ 1
O Pa ≤ 2
O Pa ≤ 3
O Pa ≤ 6
O Pa ≤ 10/3
O Impossible to determine without knowing income
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