Question

A consumer’s utility function is given by: $𝑢(𝑥_1, 𝑥_2) = (2𝑥_1 − 1)0.25(𝑥_2 − 4)0.75$ If the consumer has a budget of 73 and the unit prices of $𝑥_1$ and $𝑥_2$ are given by 2 and 1, respectively, then the value of ($𝑥_1 + 𝑥_2$) is ________ (rounded off to two decimal places).

Answer 1

The correct answer is :64