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    Intermediate Microeconomics Study Set 1
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    Exam 3: Utility-Part A
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    A Consumer Has Preferences Represented by the Utility Function U(x<sub>1</sub>
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A Consumer Has Preferences Represented by the Utility Function U(x1

Question 55

Question 55

True/False

A consumer has preferences represented by the utility function U(x1, x2)=10(x21 + 2x1x2 - x22)-0 50.For this consumer, goods 1 and 2 are perfect substitutes.

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