Solved

Carl Has the Utility Function U(x,y)= 2xy

Question 8

Multiple Choice

Carl has the utility function U(x,y) = 2xy. His indifference curve passing through the bundle (4,3) must also pass through the point where x is equal to 6 and y is equal to:


A) 12.
B) 24.
C) 2.
D) 10.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Figure 2A<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3559/.jpg" alt="Figure 2A

Q4: One of the factors influencing the increase

Q5: Utility numbers provide:<br>A)positive information to society.<br>B)precise differences

Q6: If an individual turns down more spinach

Q7: In economics, consumption bundles are:<br>A)utility functions.<br>B)bags used

Q9: Overtime pay is higher than regular pay

Q10: Assume that when you get home today,

Q11: Tom currently has 100 units of x<sub>1</sub><sub>

Q12: The nonsatiation assumption implies that:<br>A)indifference curves do

Q13: Consider the following utility function:<br>U(x, y)= 2x