Economics · Microeconomics
An individual's utility function for two goods, milk (M) and butter (B), is given as U(M, B) = 5M − 10B. The cost of each unit of the two goods is Rs 1, and the individual's weekly budget is Rs 5. Find the individual's utility maximizing choice.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 15 units of M and 0 units of B✓
- 25 units of M and 5 units of B
- 30 units of M and 5 units of B
- 42.5 units of M and 2.5 units of B
Correct answer
5 units of M and 0 units of B
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