Solved

Janet Consumes X1 and X2 Together in Fixed Proportions

Question 49

Multiple Choice

Janet consumes x1 and x2 together in fixed proportions.She always consumes 2 units of x1 for every unit x2.One utility function that describes her preferences is


A) U(x1, x2) =2x1x2.
B) U(x1, x2) =2x1 = x2.
C) U(x1, x2) =x1 + 2x2.
D) U(x1, x2) =min{2x1, x2}.
E) U(x1, x2) =min{x1, 2x2}.

Correct Answer:

verifed

Verified

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

Related Questions