HW chap 4-9

Dorajspreferencessatisfythemoreisbetterprinciple yes

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Unformatted text preview: I ndi fference curve A c. Do Raj's preferences satisfy the More­Is­Better Principle? Yes Graphing Section: Utility Raj's utility for bundles of X and Y is given by a. Fill in the table below with Raj's utility for the corresponding bundles. Instructions: Enter your answers as whole numbers. http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie wSingle X = 1 X = 2 X = 3 4/7 1/22/2014 Assignme nt Pr int Vie w Y = 1 1 2 3 Y = 2 2 4 6 Y = 3 3 6 9 b. Write a formula for Raj's indifference curves. Choose the correct formula from the options below. Y = U(X,Y)/X Consider the graphs below. Identify the graph that plots Raj's indifference curve corresponding to U = 4. In d ifferen ce Cu rve A U(X, Y) = 4 y 5 4 3 2 1 0 0 1 2 3 4 5 X http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie wSingle 5/7 1/22/2014 Assignme nt Pr int Vie w In d ifferen ce Cu rve B U(X, Y) = 4 Y 5 4 3 2 1 0 0 1 2 3 4 5 X http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie wSingle 6/7 1/22/2014 Assignme nt Pr int Vie w In d ifferen ce Cu rve C U(X, Y) = 4 Y 50 40 30...
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