7. Suppose the consumer’s utility function is given by U(x,y) = xy + y where The equation for this consumer’s demand curve for x when I ＞ (A) (B) (C) (D)

5. Suppose a consumer buys two goods, x and y , and has income of $30. Initially and the consumer chooses basket A with x =5 and y= 5. The prices change to and the consumer chooses basket B with x = 1 and y = 13. (A) These choices are not consistent with utility maximization. (B) With this information it is not possible to determine if these choices are consistent with utility maximization. (C) These choices are consistent with utility maximization. (D) Basket B must be strictly preferred to basket A .

7. Suppose the consumer’s utility function is given by U(x,y) = xy + y where
The equation for this consumer’s demand curve for x when I ＞
(A)
(B)
(C)
(D)

相關試題

相關試卷