Examlex

Solved

If Utility Is Separable in a Three-Good Utility Function X3

question 18

Multiple Choice

If utility is separable in a three-good utility function x3

If utility is separable in a three-good utility function x<sub>3 </sub> <sub> </sub>    Then for changes in   Must: A) both be gross substitutes for x<sub>1</sub>. B) both be gross complements for x<sub>1</sub>. C) be such that if one is a gross substitute for x<sub>1</sub>,the other is a gross complement for x<sub>1</sub>. D) both be gross substitutes or both be gross complements for x<sub>1</sub>.
Then for changes in If utility is separable in a three-good utility function x<sub>3 </sub> <sub> </sub>    Then for changes in   Must: A) both be gross substitutes for x<sub>1</sub>. B) both be gross complements for x<sub>1</sub>. C) be such that if one is a gross substitute for x<sub>1</sub>,the other is a gross complement for x<sub>1</sub>. D) both be gross substitutes or both be gross complements for x<sub>1</sub>.
Must:


Definitions:

Mood

A temporary state of feeling or emotional tone that can influence an individual's perception and behavior.

Stress Filled Days

Periods in which an individual experiences high levels of stress, often due to multiple or significant stressors.

Parachute Jumping

A sport or recreational activity involving executing a jump from an airplane and descending partly by free fall before opening a parachute to slow the descent.

Depressed

A clinical state characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in life.

Related Questions