Suppose That a Consumer Has the Utility Function $\mathrm { U } = 5 \mathrm {~A} + 7 \mathrm {~B}$

question 86

Multiple Choice

Suppose that a consumer has the utility function $\mathrm { U } = 5 \mathrm {~A} + 7 \mathrm {~B}$ . If is measured on the horizontal axis, which of the following is correct?

• A) The indifference curves will be L-shaped.
• B) The indifference curves will be horizontal.
• C) The indifference curves will be straight lines with slope \(- 5 / 7\).
• D) The indifference curves will be straight lines with slope \(- 7 / 5\).

---

Definitions:

Free Upgrades

Complimentary enhancements or versions of a software or product provided to customers who have purchased an earlier version.

Accounting Software

Computer programs that assist bookkeepers and accountants in recording and reporting a firm's financial transactions.

Relative Fair Value

A method of allocating the total purchase price in a business combination to the acquired assets and liabilities based on their fair values.

Database Access

Database access pertains to the permission or capability to retrieve or manipulate data stored in a database.