All of the following utility functions rank bundles (q1,q2 ) in the same order except for which one?
A) q11/2 + q21/2
B) q11/2 q21/2
C) ln(q1 ) + ln(q2 )
D) All of the above rank bundles (q1,q2 ) in the same order
A
You might also like to view...
The demand curve for a monopoly's product is
A) more inelastic than the market demand for the product. B) more elastic than the market demand for the product. C) undefined. D) the market demand for the product.
If the price elasticity of demand for a good is 5.0, then a 10 percent increase in price results in a
a. 0.5 percent decrease in the quantity demanded. b. 2.5 percent decrease in the quantity demanded. c. 5 percent decrease in the quantity demanded. d. 50 percent decrease in the quantity demanded.
Which of the following European countries used fiscal policy to induce explosions in deficits to mitigate recession?
A. Spain B. Germany C. Italy D. France
If the United States increases the tariff on imported salmon, this will
A. reduce the amount of salmon imported into the United States and reduce production of salmon in the United States. B. increase the amount of salmon imported in the United States and increase the production of salmon in the United States. C. increase the amount of salmon imported in the United States and reduce the production of salmon in the United States. D. reduce the amount of salmon imported in the United States and increase the production of salmon in the United States.