Howard has the utility function U(x, y) = x (1/y). His income is $30. Howard has the utility function U(x, y) = x - (-¹). His y income is $30. a. Howard does not like goody. b. Howard has a bliss point. c. If the price of good x is $4 and the price of good y is $1, Howard will buy 2 units of y. d. Howard will buy good y only if it is cheaper than good x. e. None of the above. a. Howard does not like good y. b Howard has a bliss point. c. Ifthepriceofgoodxis$4 andthepriceofgoodyis$1, Howardwillbuy2 unitsofy. d. Howard will buy good y only if it is cheaper than good x. e. None of the above. 10. Howard has the utility function U(x, y)=x-(1/y). His income is $30. a. Howard does not like good y. b. Iloward has a bliss point. c. If the price of good x is $4 and the price of good y is $1, Howard will buy 2 units of y. d. Howard will buy good y only if it is cheaper than good x. e. None of the above.

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