Question 1 Considering a consumer's indifference curves, which statement is true? O utility is the same along any given indifference curve O indifference curves can cross, but only at the axes a consumer is indifferent between any bundles on an indifference curve both a and c are correct all of the above Question 2 Consider a utility function given by U = X? X2,What is the marginal utiliy of good 2? O MU; = xx; O MU: = O MU: = O MU; =x
Question 1 Considering a consumer's indifference curves, which statement is true? O utility is the same along any given indifference curve O indifference curves can cross, but only at the axes a consumer is indifferent between any bundles on an indifference curve both a and c are correct all of the above Question 2 Consider a utility function given by U = X? X2,What is the marginal utiliy of good 2? O MU; = xx; O MU: = O MU: = O MU; =x
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 2.5P
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