Clicker questions Jan 25 _ 27

Clicker questions Jan 25 _ 27 - a ? Are my tastes over...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Microeconomic Analysis Econ 100A – Prof. Reynolds January 25
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
What is the preference relation implied by my utility function? U=x 1 2 +3x 2 A. (1,3) is at least as good as (2,2) B. (1, 3) is strictly better than (2,2) C. I am indifferent between (1,3) and (2,2) E. None of the above
Background image of page 2
The following utility function is homogeneous of degree A. 0 B. 1 C. 2 D. 5/4 E. 5
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Which tastes have the smallest
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: a ? Are my tastes over complementary goods homothetic? A. Yes, always B. No, never C. Only when D. Only when E. Only when Are my tastes over substitute goods homothetic? A. Yes, always B. No, never C. Only when D. Only when E. Only when Are my tastes over quasilinear goods homothetic? A. Yes, always B. No, never C. Only when D. Only when E. Only when...
View Full Document

Page1 / 7

Clicker questions Jan 25 _ 27 - a ? Are my tastes over...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online