Which of the Following Utility Functions Represent Preferences of a Consumer

question 7

Multiple Choice

Which of the following utility functions represent preferences of a consumer who does not have homothetic preferences?

• A) U(x, y) = xy.
• B) U(x, y) = x + 2y.
• C) U(x, y) = x + y^.5.
• D) U(x, y) = min{x, y}.
• E) More than one of the above.

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Definitions:

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