Goluki's preferences are given by the following utility function: U(qı, 42) = 9iª + ", 1/3 1/3 where q1 is the number of cups of tea and q2 is the number of cookies. Select all that applies: O a) Her preferences satisfy "more is better" O b) Her indifference curves are downward sloping straight lines O c) Her income-consumption curve is a straight line O d) Cookies is a Giffen good for her O e) Her demand function for cookies is a downward sloping curve which is not a straight line O f) Her Engel curve for tea is downward sloping O 8) none of the above

Goluki's preferences are given by the following utility function: U(qı, 42) = 9iª + ", 1/3 1/3 where q1 is the number of cups of tea and q2 is the number of cookies. Select all that applies: O a) Her preferences satisfy "more is better" O b) Her indifference curves are downward sloping straight lines O c) Her income-consumption curve is a straight line O d) Cookies is a Giffen good for her O e) Her demand function for cookies is a downward sloping curve which is not a straight line O f) Her Engel curve for tea is downward sloping O 8) none of the above

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter3: Preferences And Utility

Section: Chapter Questions

Problem 3.4P

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9 Can you help me solve this question? Thanks.
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