consumer has a utility function given by U(x, y) = 3x2 + 2y. The price of x and y are both equal to 1. Which of the following is true? а. To maximize utility, the consumer should consume only x b. The...

Extracted text: consumer has a utility function given by U(x, y) = 3x2 + 2y. The price of x and y are both equal to 1. Which of the following is true? а. To maximize utility, the consumer should consume only x b. The consumer has convex preferences С. To maximize utility, the consumer should consume only y d. At the consumer's optimal consumption bundle, we should have 3x = 4y