Multiple Choice
Veronika's utility function for regular-flavored toothpaste (R) and mint-flavored toothpaste (M) is given by U = 2R + 4M. Which of the following statements is TRUE?
A) MRSMR = 2M/R.
B) Veronika's indifference curves are vertical.
C) Veronika's indifference curves are horizontal.
D) Veronika is willing to give up two tubes of regular-flavored toothpaste for one tube of mint-flavored toothpaste.
Correct Answer:
Verified
Correct Answer:
Verified
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