Consider the utility function U(x, y) = xy + x. Which of the following bundles is not on the same indifference curves as the others. Note: The first entry is the amount of x, the second is the amount of y. (a) (5,1) (b) (2,4) (c) (4,2) (d) (2.5,3)

Consider the utility function U(x, y) = xy + x. Which of the following bundles is not on the same indifference curves as the others. Note: The first entry is the amount of x, the second is the amount of y. (a) (5,1) (b) (2,4) (c) (4,2) (d) (2.5,3)

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter3: Preferences And Utility

Section: Chapter Questions

Problem 3.2P

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Question

10. Consider the utility function U(x, y) = xy + x. Which of the following bundles is not
on the same indifference curves as the others. Note: The first entry is the amount of x, the
second is the amount of y.
(a) (5,1)
(b) (2,4)
(c) (4,2)
(d) (2.5,3)

Defintion Defintion Curve that represents the graphical relationship between the total supply of goods and services and the price level in the economy. When the price level increases, producers tend to supply more of a product in the market to earn a higher revenue or vice versa.

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