Question

Saketa's utility function is given by:
U=x+2x, x + x
Shainaz's utility function is given by:
V = x2 + x4
Which of the following statements is true?
A. Shainaz has a greater preference for x,, while Saketa has a greater preference for x,
B. Shainaz treats the two goods as perfect substitutes, while Saketa doesn't.
C. Shainaz has a greater preference for x,, while Saketa has a greater preference for
D. Both have the same preferences.​

Answer 1

Answer:

You are attempting question Saketa's utility function is given by: U = x + 2x, x2 + x3 Shainaz's utility function is given by: V = x2 + x Which of the following statements is true? A. Shainaz has a greater preference for x, while Saketa has a greater preference for x, B. Shainaz treats the two goods as perfect substitutes, while Saketa doesn't C. Shainaz has a greater preference for x,, while Saketa has a greater preference for x, D. Both have the same preferences

Explanation:

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