Carl Has the Utility Function U(x,y)= 2xy

question 8

Multiple Choice

Carl has the utility function U(x,y) = 2xy. His indifference curve passing through the bundle (4,3) must also pass through the point where x is equal to 6 and y is equal to:

• A)12.
• B)24.
• C)2.
• D)10.

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A legal principle that requires certain types of contracts to be written and signed.