Henry's Utility Function Is X² + 16xw + 64w², Where

question 12

Multiple Choice

Henry's utility function is x² + 16xw + 64w², where x is his consumption of x and w is his consumption of w.

• A)Henry's preferences are nonconvex.
• B)Henry's indifference curves are straight lines.
• C)Henry has a bliss point.
• D)Henry's indifference curves are hyperbolas.
• E)None of the above.

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