(a) If G(x) = 4x and H(y) = y, then x and y are perfect substitutes. (b) If G(x) = 4x0.9 and H(y) = 4y0.9, then x and y are perfect substitutes. (c) If G(x) = 4x0.9 and H(y) = 4y, then x and y are perfect substitutes. (d) If G(x) = x0.9 and H(y) 4y0.9, then x and y are perfect substitutes. %3D

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Please answer the following with "1" for true and "-1" for false.
(a) If G(x) = 4x and H(y) = y, then x and y are perfect substitutes.
(b) If G(x) = 4x0.9 and H(y) = 4y0.9, then x and y are perfect substitutes.
(c) If G(x) = 4x0.9 and H(y) = 4y, then x and y are perfect substitutes.
(d) If G(x) = x0.9 and Hy) = 4y0.9, then x and y are perfect substitutes.
Transcribed Image Text:Please answer the following with "1" for true and "-1" for false. (a) If G(x) = 4x and H(y) = y, then x and y are perfect substitutes. (b) If G(x) = 4x0.9 and H(y) = 4y0.9, then x and y are perfect substitutes. (c) If G(x) = 4x0.9 and H(y) = 4y, then x and y are perfect substitutes. (d) If G(x) = x0.9 and Hy) = 4y0.9, then x and y are perfect substitutes.
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