Consider the Following Three Functions

question 95

Multiple Choice

Consider the following three functions:
G(x, y) = 4x - 3y + 21
H(x, y, z) = 13x² + y + 3z
I(z) = z
Which of the following is true regarding the linearity of the functions?

• A) none of the functions is linear
• B) all three functions are linear
• C) h is linear, but g and i are not linear
• D) i is linear, but g and h are not linear
• E) g and i are linear, but h is not linear

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Definitions:

Bundle

A bundled package consisting of various products or services sold as one unit.

Preferences

In economics, a description of the needs or desires that consumers use to make choices among different goods or services.

Indifference Curves

Graphical representations used in microeconomics to show combinations of two goods that provide the same level of utility to a consumer.

Preferences

Individual tastes or choices regarding various alternatives, shaped by factors like utility, satisfaction, and economic conditions.