Solved

Which of the Following Utility Functions Has the Same MRS

Question 65

Multiple Choice

Which of the following utility functions has the same MRS as U(q₁,q₂) = q₁ q₂?

A) q₁^1/2q₂^1/2
B) q₁+ q₂
C) q₁^1/2+ q₂^1/2
D) (q₁^1/2+ q₁^1/2) ²

Related Questions

Q23: Clifford lives by the motto "Eat drink

Q28: Betty consumes good x and good y.If

Q31: If the prices of both goods and

Q35: The marginal rate of transformation of y

Q49: Indifference curves that are thick violate<br>A) the

Q63: The fact that consumers often react more

Q66: Ed has the utility function U(F,M)= <img

Q88: By selecting a bundle where MRS =

Q107: If the price of one good increases

Q122: Explain why most indifference curves are convex.