Verify That the Values of the Variables Listed Are Solutions

question 121

Multiple Choice

Verify that the values of the variables listed are solutions of the system of equations.
- x = -1, y = 3

• A)solution
• B)not a solution

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Definitions:

Strong Axiom

An advanced principle or rule, often within a specific field of study, that has widespread acceptance and provides a solid foundation for further developments.

Revealed Preferences

A theory in economics that infers consumer preferences based on the observation of consumer behavior and choices under constraint.

Bundle

A collection of goods or services sold as a single package, often at a discounted price compared to purchasing each item separately.

Revealed Preferred

A concept in microeconomic theory suggesting that consumers' preferences can be determined by observing their choices and behaviors in various situations.