Multiple Choice
If the utility number associated with consumption bundle a is exactly the square root of the utility number associated with bundle b, then:
A) bundle b offers as much utility as two of bundle a.
B) bundle a is preferred to bundle b.
C) bundle b is twice as desirable as a.
D) bundle b is preferred to bundle a.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: If Jane's utility function is given by
Q34: Employees demand more more for overtime work
Q35: Compute the MRS for the indifference curve
Q36: The nonsatiation assumption:<br>A)is saying that individuals always
Q37: Anna's preferences can be expressed by the
Q39: Indifference curves between left shoes and right
Q40: For the utility function: U = x
Q41: Which of the following preference orderings violates
Q42: The continuity assumption implies that:<br>A)the indifference curves
Q43: The transitivity assumption implies that:<br>A)indifference curves measure