Solved

If Utility Is Given By U(x,y)=x2+2xy+y2U ( x , y ) = x ^ { 2 } + 2 x y + y ^ { 2 }

Question 10

Multiple Choice

If utility is given by U(x,y) =x2+2xy+y2U ( x , y ) = x ^ { 2 } + 2 x y + y ^ { 2 } ,this person's indifference curves are


A) parabolas.
B) hyperbolas.
C) concentric circles.
D) straight lines.

Correct Answer:

verifed

Verified

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

Related Questions