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If there are two goods and the prices of both goods rise, then the budget line must become steeper.
Q26: Janet consumes x<sub>1 </sub>and x<sub>2 </sub>together in
Q27: Seppo consumes brandy and saunas. Neither is
Q27: If she spends her entire budget, Betsy
Q30: Explain how it would be possible to
Q32: Quasilinear preferences are homothetic when the optimal
Q46: The utility function U(x<sub>1</sub>, x<sub>2</sub>) = 2lnx<sub>1</sub>
Q48: With some services,<br>a. Write down the budget
Q57: Edmund must pay $6 each for punk
Q61: A spaceship,traveling at 0.100c away from a
Q63: Leo's utility function is min{x, 3y +