Suppose That a Consumer Has Utility Function U= Ax²y² with

question 13

Multiple Choice

Suppose that a consumer has utility function U= Ax²y² with MU_x = Ay²x and MU_y = Ax²y.Which of the following statements is false?

• A) The marginal utilities are positive.
• B) The marginal rate of substitution is diminishing.
• C) The indifference curves are bowed away from the origin.
• D) The indifference curves are downwards sloping.

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Definitions:

Forcibly Evict

The act of removing a tenant from rental property by force or through legal proceedings because of violations of the lease or law.

Unjustifiably Vacates

Refers to the act of leaving or abandoning a position or place without valid reason or justification.

Notice Before Eviction

A legal requirement to inform tenants of impending eviction proceedings and the time frame in which it will happen.

Implied Warranty of Habitability

This is a legal doctrine that implies residential rental properties meet basic living and safety standards.