menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Microeconomics Study Set 1
  4. Exam
    Exam 3: Utility-Part A
  5. Question
    Charlie's Utility Function Is U(A, B)= AB, Where a and B
Solved

Charlie's Utility Function Is U(A, B)= AB, Where a and B

Question 1

Question 1

Multiple Choice

Charlie's utility function is U(A, B) = AB, where A and B are the numbers of apples and bananas, respectively, that he consumes.When Charlie is consuming 20 apples and 80 bananas, if we put apples on the horizontal axis and bananas on the vertical axis, the slope of his indifference curve at his current consumption is


A) -8.
B) -1/4.
C) -20.
D) -4.
E) -1/8.

Correct Answer:

verifed

Verified

Related Questions

Q2: Tim has preferences represented by the utility

Q3: Raymond's preferences are represented by the utility

Q4: Jean-Pierre has preferences represented by the utility

Q5: Waldo's utility function is U(x, y)= xy.Waldo

Q6: Henrietta's utility function is U(x<sub>1</sub>, x<sub>2</sub>)= x<sub>1</sub>x<sub>2</sub>.She

Q7: Harry Mazzola has the utility function U(x<sub>1</sub>,

Q8: A person with the utility function U(x,

Q9: Charles's utility function is U(x, y)= xy.Anne's

Q10: Doreen has preferences represented by the utility

Q11: Harmon's utility function is U(x<sub>1</sub>, x<sub>2</sub>)= x<sub>1</sub>x<sub>2</sub>.His

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines