Consider the Utility Function Specified on Page 14-17 $u(x, r, c)$

True/False

Consider the utility function specified on page 14-17: $u(x, r, c)$ , where $x$ is the size of an individual's home, $r$ is their rank in home size relative to their neighbors, and $c$ is other goods. $u(x, r, c)$ is increasing in $c$ and $x$ and decreasing in $r$ . Suppose a tornado comes through your neighbourhood and either totally destroys a house or leaves it undamaged. The largest house in the neighbourhood is destroyed and your house is undamaged. Based only on this information, you can be sure that you utility increased.