Solved

Assuming That Good "X" Is Measured on the X-Axis and Good

Question 117

Multiple Choice

Assuming that good "x" is measured on the x-axis and good "y" is measured on the y-axis,if the utility for the two goods "x" and "y" can be measured as U = y,then it can be concluded that


A) "x" and "y" are perfect complements.
B) "x" is a "bad".
C) the indifference curves on the x,y graph are upward sloping.
D) the indifference curves on the x,y graph are horizontal.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q112: Cash may be preferred to food stamps

Q113: Draw the indifference curves for nickels and

Q114: John is indifferent between canned soup and

Q115: Consumers do not prefer gifts-in-kind to cash

Q116: Which is a behavioral economics justification for

Q118: In behavioral economics,salience is best exemplified by<br>A)

Q119: People derive utility in their lives from

Q120: If the consumer's income increases while the

Q121: If both prices increases by 50%,<br>A) budget

Q122: Explain why most indifference curves are convex.