Clara's Utility Function Is U(x, Y) = (X + 2)(y

question 33

True/False

Clara's utility function is U(x, y) = (x + 2)(y + 1). If her consumption of both x and y are doubled, then her marginal rate of substitution between x and y remains constant.

---

Definitions:

Business Partnerships

Cooperative agreements between two or more business entities to work together towards shared objectives.

Functional Areas

Distinct categories within an organization, each focused on a particular aspect of the business, such as marketing, finance, or human resources.

Specialization

A focus or concentration on a particular area of expertise, leading to increased efficiency and skill in that area.

Total Cost of Ownership

The comprehensive assessment of the direct and indirect costs associated with the purchase and operation of a product or system over its entire lifespan.