Evening,

I'm sitting here with some voluntary microeconomics home excersises, and I got a question about Utility functions

I have the following Utility Function:
u(x1, x2) = min(x1, x2)
prices are p1=2 and p2=2, while the income is m=20

I've calculated m/(p1+p2) => 20/(2+2) = 5

, but is this the final answer for the chosen consumption bundle?

Thanks

Aggesut

I apologize, I realised there was a Homework Help board. So I'll just scoot over there and see what happens.