If David John's preferences are represented by the utility function U (x1, x2) = x1x2, how does the consumer order the bundles А - (2, 3), В %— (1, 5), С %— (4, 2)? A O a. U(B) > (U(A) > (U(C) O b. U(B)>U(A) > U(C) O c. U(C) > U(A) > U(B) O d. None of the above

If David John's preferences are represented by the utility function U (x1, x2) = x1x2, how does the consumer order the bundles А - (2, 3), В %— (1, 5), С %— (4, 2)? A O a. U(B) > (U(A) > (U(C) O b. U(B)>U(A) > U(C) O c. U(C) > U(A) > U(B) O d. None of the above

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If David John's preferences are represented
by the utility function U (x1, x2) = x1x2,
how does the consumer order the bundles
A = (2, 3), B = (1, 5), C = (4, 2)?
O a. U(B)>(U(A) > (U(C)
O b. U(B) >U(A) > U(C)
O c. U(C) >U(A) > U(B)
O d. None of the above

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