Consider the Utility Function

question 10

Multiple Choice

Consider the utility function .Which of the following are true statements about the indifference maps represented by this function.

• A)MRS=-1 along the 45 degree line if and only if .
• B)MRS=-1 along a ray steeper than the 45 degree line if and only if .
• C)MRS=-1 along a ray shallower than the 45 degree line if and only if .
• D)All of the above.
• E)None of the above.