The Utility Function U(x 1 ,x 2 )= Min(x 1 ,x 2 )is an Apt Description of Preferences

The Answer of The Utility Function U(x 1 ,x 2 )= Min(x 1 ,x 2 )is an Apt Description of Preferences

The Utility Function U(x 1 ,x 2 )= Min(x 1 ,x 2 )is an Apt Description of Preferences

The Answer of The Utility Function U(x 1 ,x 2 )= Min(x 1 ,x 2 )is an Apt Description of Preferences

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The Utility Function U(x₁,x₂)= Min(x₁,x₂)is an Apt Description of Preferences

Question 61

Multiple Choice

The utility function U(x₁,x₂) = min(x₁,x₂) is an apt description of preferences when:

A) x₁is money and x₂is cocaine.
B) x₁is $5 bills and x₂is $5 bills.
C) x₁is a Coke and x₂is a Pepsi.
D) x₁is a left hand glove and x₂is a right hand glove.

The Utility Function U(x1,x2)= Min(x1,x2)is an Apt Description of Preferences

Multiple Choice

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The Utility Function U(x₁,x₂)= Min(x₁,x₂)is an Apt Description of Preferences

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