【单选题】er: d 5. Mike consumes two commodities, x and y , and his utility function is min{ x + 2 y , y + 2 x }. He chooses to buy 8 units of good x and 16 units of good y . The price of good y is $.50. What i...
【单选题】Mike consumes two commodities, x and y; and his utility function is min{x +2y,y+2x}. He chooses to buy 8 units of good x and 16 units of good y. The price of good y is 0.50. What is his income?