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John consumes bananas ( B ) and apples ( A ). His utility function is given by U = 3 B 0.5
+ 2 A 0.5
. That means bundle I ( A = 2, B = 8) and bundle II ( A = 4, B = 4):
lie on the same indifference curve and have the same utility.
lie on different indifference curves, and bundle II has greater utility than bundle I.
lie on different indifference curves, and bundle I has greater utility than bundle II.
lie on different indifference curves, and bundle I has the same utility as bundle II.
Which line is right? Thank you for helping! :)

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John consumes bananas (B) and apples (A)- His utility function is give.pdf

  • 1. John consumes bananas ( B ) and apples ( A ). His utility function is given by U = 3 B 0.5 + 2 A 0.5 . That means bundle I ( A = 2, B = 8) and bundle II ( A = 4, B = 4): lie on the same indifference curve and have the same utility. lie on different indifference curves, and bundle II has greater utility than bundle I. lie on different indifference curves, and bundle I has greater utility than bundle II. lie on different indifference curves, and bundle I has the same utility as bundle II. Which line is right? Thank you for helping! :)