Multiple Choice
If Jane's utility function is given by U = xy:
A) Jane prefers bundle (1,3) to bundle (2,5) .
B) Jane is indifferent between bundle (2,2) and bundle (2,1) .
C) Jane prefers bundle (2,2) to bundle (3,3) .
D) Jane is indifferent between bundle (1,2) and bundle (2,1) .
Correct Answer:
Verified
Correct Answer:
Verified
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