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Consider the Utility Function

Question 10

Multiple Choice

Consider the utility function Consider the utility function .Which of the following are true statements about the indifference maps represented by this function. A) MRS=-1 along the 45 degree line if and only if . B) MRS=-1 along a ray steeper than the 45 degree line if and only if . C) MRS=-1 along a ray shallower than the 45 degree line if and only if . D) All of the above. E) None of the above. .Which of the following are true statements about the indifference maps represented by this function.


A) MRS=-1 along the 45 degree line if and only if Consider the utility function .Which of the following are true statements about the indifference maps represented by this function. A) MRS=-1 along the 45 degree line if and only if . B) MRS=-1 along a ray steeper than the 45 degree line if and only if . C) MRS=-1 along a ray shallower than the 45 degree line if and only if . D) All of the above. E) None of the above. .
B) MRS=-1 along a ray steeper than the 45 degree line if and only if Consider the utility function .Which of the following are true statements about the indifference maps represented by this function. A) MRS=-1 along the 45 degree line if and only if . B) MRS=-1 along a ray steeper than the 45 degree line if and only if . C) MRS=-1 along a ray shallower than the 45 degree line if and only if . D) All of the above. E) None of the above. .
C) MRS=-1 along a ray shallower than the 45 degree line if and only if Consider the utility function .Which of the following are true statements about the indifference maps represented by this function. A) MRS=-1 along the 45 degree line if and only if . B) MRS=-1 along a ray steeper than the 45 degree line if and only if . C) MRS=-1 along a ray shallower than the 45 degree line if and only if . D) All of the above. E) None of the above. .
D) All of the above.
E) None of the above.

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