If the Utility for Two Goods "X" and "Y" Is

question 89

Multiple Choice

If the utility for two goods "x" and "y" is measured as U = x + y,then it can be concluded that

• A) "x" and "y" are perfect substitutes.
• B) "x" and "y" are perfect complements.
• C) "x" and "y" are both bads.
• D) the indifference curves on the x,y graph will be upward sloping.

---

Definitions:

Broad Segment

A market segmentation strategy that targets a wide and diverse group of potential customers rather than focusing on specific niches.

Market

A place or platform where buyers and sellers come together to exchange goods, services, or information, often setting prices and terms in the process.

Critical

Pertaining to a crucial or decisive point that requires immediate attention or presents a significant challenge.

Competition

The rivalry between businesses to sell their goods or services to customers, often leading to better quality and prices.