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20 Apr 2019

You are given three consumption bundles: (X,Y)

A: (4,6)

B: (0,10)

C: (6,4)

Relate the consumption bundles given the following utility functions.

A. U(X,Y)= X + Y

B. U(X,Y)= min(X,Y)

C. U(X,Y)= XY

D. U(X,Y)= XY+X+ Y

(Example: A~ B>C)

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Elin Hessel
Elin HesselLv2
20 Apr 2019

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