Mac's Utility Function Is U(x, Y)=max{2x - Y, 2y -

question 37

Multiple Choice

Mac's utility function is U(x, y) =max{2x - y, 2y - x}.

• A)Mac's preferences are quasilinear.
• B)If Mac has more x than y, any increase in his consumption of y would lower his utility.
• C)If Mac has more x than y, a decrease in his consumption of y would raise his utility.
• D)Mac always prefers more of each good to less.
• E)Goods x and y are perfect substitutes.