If Two Goods, "X" and "Y", Are Perfect Substitutes, Then

question 2

Multiple Choice

If two goods, "x" and "y", are perfect substitutes, then which of the following best represents the utility function for the two goods?

• A)U = x + y
• B)U = x ∗ y
• C)U = +
• D)Any of the above.

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Definitions:

Central Selling Point

is the unique feature or benefit of a product or service that is emphasized to differentiate it from competitors and appeal to consumers.

Outstanding Feature

A distinctive or prominent attribute or aspect of something that sets it apart from similar items.

Central Selling Point

The main feature or advantage of a product or service that is emphasized in marketing efforts to attract and convince customers.

Position

The condition or status held by an individual or an entity in relation to others, often determined by job role, standing in society, or viewpoint.