Kruder's utility function is min{2x+ 2y, 4x + 3y}. Dorfmeister's utility function is min{4.x + 4y, 8x + 6y} . Kruder and Dorfmeister have the same income and face the same prices. A. Kruder and Dorfmeister will demand the same amount of good x. В. Kruder will demand more of good y than Dorfmeister. С. Dorfmeister will demand more of good y than Kruder. D. Each will prefer the other's consumption bundle to his own. Е. None of the above.

Kruder's utility function is min{2x+ 2y, 4x + 3y}. Dorfmeister's utility function is min{4.x + 4y, 8x + 6y} . Kruder and Dorfmeister have the same income and face the same prices. A. Kruder and Dorfmeister will demand the same amount of good x. В. Kruder will demand more of good y than Dorfmeister. С. Dorfmeister will demand more of good y than Kruder. D. Each will prefer the other's consumption bundle to his own. Е. None of the above.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 12SQ

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