Multiple Choice
Tim consumes goods x and y. His utility function is given by U(x,y) = y(x + 5) . Which of the following is true?
A) Tim prefers bundle (1,2) to bundle (2,1)
B) Tim likes good x but hates good y.
C) Tim likes good y but hates good x.
D) Tim prefers bundle (7,3) to bundle (3,7) .
Correct Answer:
Verified
Correct Answer:
Verified
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