Angela Consumes Goods X and Y

question 26

Multiple Choice

Angela consumes goods x and y. Her indifference curves are described by the formula . Higher values of k correspond to better indifference curves.

• A) Angela prefers bundle (8, 9) to bundle (9, 8).
• B) Angela likes good y and hates good x.
• C) Angela prefers bundle (11, 9) to bundle (9, 11).
• D) Angela likes good x and hates good y.
• E) More than one of the above statements are true.

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