Multiple Choice
Given the utility function U(x,y) = x2 + y, which of the following preference statements is true?
A) (2,3) is preferred to (3,2)
B) (2,1) is indifferent to (1,4)
C) (2,1) is indifferent to (1,3)
D) (2,1) is preferred to (1,2)
Correct Answer:
Verified
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