Question 1 Not yet answered Marked out of 1.00 Flag question Consider the preferences represented by the following indifference curves. These preferences are (check all that apply - if there is not enough information to confirm that one of these applies, leave it unchecked). good 2 Select one or more: a. Monotone b. Strongly monotone c. Convex d. Strictly convex e. None of the above good 1 Question 2 Not yet answered Marked out of 1.00 Flag question Consider the preferences represented by the following indifference curves. These preferences are (check all that apply - if there is not enough information to confirm that one of these applies, leave it unchecked). good 2 Select one or more: a. Monotone b. Strongly monotone c. Convex d. Strictly convex e. None of the above good 1 Question 3 Not yet answered For each of the following utility functions, find the MRS₁,2 = MU₁ MU₂ at the bundle (17,4). Please write your answers as decimals, to 2 decimal places. Marked out of 3.00 Flag question a) u(x1,2)=Inz1 + Inz₂ b)u(1,2) = min{1,2} c) u(x1, x2)=4x1 +9x2 d) u(±1,2) = Inx1 +22 e) u(21, 22)=(4x1 +9x2)³ f) u(x1,2) = x²+1²
Question 1 Not yet answered Marked out of 1.00 Flag question Consider the preferences represented by the following indifference curves. These preferences are (check all that apply - if there is not enough information to confirm that one of these applies, leave it unchecked). good 2 Select one or more: a. Monotone b. Strongly monotone c. Convex d. Strictly convex e. None of the above good 1 Question 2 Not yet answered Marked out of 1.00 Flag question Consider the preferences represented by the following indifference curves. These preferences are (check all that apply - if there is not enough information to confirm that one of these applies, leave it unchecked). good 2 Select one or more: a. Monotone b. Strongly monotone c. Convex d. Strictly convex e. None of the above good 1 Question 3 Not yet answered For each of the following utility functions, find the MRS₁,2 = MU₁ MU₂ at the bundle (17,4). Please write your answers as decimals, to 2 decimal places. Marked out of 3.00 Flag question a) u(x1,2)=Inz1 + Inz₂ b)u(1,2) = min{1,2} c) u(x1, x2)=4x1 +9x2 d) u(±1,2) = Inx1 +22 e) u(21, 22)=(4x1 +9x2)³ f) u(x1,2) = x²+1²
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
please give an answer to the all of the below questions
Transcribed Image Text:Question 1
Not yet answered
Marked out of 1.00
Flag question
Consider the preferences represented by the following indifference curves. These preferences are (check all
that apply - if there is not enough information to confirm that one of these applies, leave it unchecked).
good 2
Select one or more:
a. Monotone
b. Strongly monotone
c. Convex
d. Strictly convex
e. None of the above
good 1
Question 2
Not yet answered
Marked out of 1.00
Flag question
Consider the preferences represented by the following indifference curves. These preferences are (check all
that apply - if there is not enough information to confirm that one of these applies, leave it unchecked).
good 2
Select one or more:
a. Monotone
b. Strongly monotone
c. Convex
d. Strictly convex
e. None of the above
good 1
Question 3
Not yet answered
For each of the following utility functions, find the MRS₁,2 =
MU₁
MU₂
at the bundle (17,4). Please write your
answers as decimals, to 2 decimal places.
Marked out of 3.00
Flag question
a) u(x1,2)=Inz1 + Inz₂
b)u(1,2) = min{1,2}
c) u(x1, x2)=4x1 +9x2
d) u(±1,2) = Inx1 +22
e) u(21, 22)=(4x1 +9x2)³
f) u(x1,2) = x²+1²
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