Quasilinear Preferences Are Homothetic When the Optimal Amount of Good

question 51

True/False

Quasilinear preferences are homothetic when the optimal amount of good 1 is not affordable.

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Definitions:

Personally Liable

Being personally responsible for fulfilling a legal obligation or paying off a debt, not limited to business or corporate liabilities.

Forge

To falsify something, especially a document, with the intent to deceive or defraud.

Indorses

To sign a document, typically on the back, to acknowledge something or to transfer rights to another.

Liable

Responsible by law; legally obligated to compensate for harm or damage caused by one’s actions or negligence.