Which of the Following Utility Functions Has the Same MRS

question 119

Multiple Choice

Which of the following utility functions has the same MRS as U(q₁,q₂) = q₁ q₂?

• A) q₁^1/2 q₂^1/2
• B) q₁ + q₂
• C) q₁^1/2 + q₂^1/2
• D) (q₁^1/2 + q₁^1/2)²

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Definitions:

Unimodal

Refers to a distribution that has a single peak or mode.

Median

The middle value in a sorted list of numbers, effectively dividing the distribution into two equal halves.

Mean

In statistics, it refers to the average value in a data set, calculated by summing all the numbers and dividing by the count of these numbers.

IQR

Short for Interquartile Range, it measures the middle 50% of data points in a dataset, offering a glimpse into data spread.