Veronika's Utility Function for Regular-Flavored Toothpaste (R) and Mint-Flavored Toothpaste

question 106

Multiple Choice

Veronika's utility function for regular-flavored toothpaste (R) and mint-flavored toothpaste (M) is given by U = 2R + 4M. Which of the following statements is TRUE?

• A) MRS_MR = 2M/R.
• B) Veronika's indifference curves are vertical.
• C) Veronika's indifference curves are horizontal.
• D) Veronika is willing to give up two tubes of regular-flavored toothpaste for one tube of mint-flavored toothpaste.

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