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PaulKet PaulKet
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Posts: 488
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6 years ago
If two goods, "x" and "y", are perfect substitutes, then which of the following best represents the utility function for the two goods?
A) U = x + y
B) U = x ∗ y
C) U = x2 + y2
D) Any of the above.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 24 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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6 years ago
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