Multiple Choice
If the utility for two goods "x" and "y" can be measured as U = x,then it can be concluded that
A) "x" and "y" are perfect complements.
B) "y" is a "bad".
C) the indifference curves on the x,y graph are upward sloping where "x" is measured on the horizontal axis.
D) the indifference curves on the x,y graph are vertical where "x" is measured on the horizontal axis.
Correct Answer:
Verified
Correct Answer:
Verified
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