Multiple Choice
Suppose Jane enjoys coffee (x) but is allergic to tea (y) . Which of the following utility functions would best represent Tim's utility function for coffee and tea?
A) U(x,y) = min[x,y]
B) U(x,y) = x + y
C) U(x,y) = xy
D) U(x,y) = x/y
Correct Answer:
Verified
Correct Answer:
Verified
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