If the Utility for Two Goods "X" and "Y" Is

question 89

Multiple Choice

If the utility for two goods "x" and "y" is measured as U = x + y,then it can be concluded that

• A) "x" and "y" are perfect substitutes.
• B) "x" and "y" are perfect complements.
• C) "x" and "y" are both bads.
• D) the indifference curves on the x,y graph will be upward sloping.

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Definitions:

International 24-Hour Clock

A timekeeping convention that runs from 00:00 to 23:59, eliminating the need for AM and PM designations, widely used in military, aviation, and international contexts.

Aspirin

A medication used to reduce pain, fever, inflammation, and prevent blood clots.

Stat

An abbreviation for the Latin term "statim," meaning immediately, often used in medical orders for urgent procedures or medications.

Unscored Tablets

Tablets without a scored line, which are not meant to be split or divided before taking.