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If Two Goods, "X" and "Y", Are Perfect Substitutes, Then

Question 38

Multiple Choice

If two goods, "x" and "y", are perfect substitutes, then which of the following best represents the utility function for the two goods?


A) U = x + y
B) U = x ∗ y
C) U = If two goods, x and y , are perfect substitutes, then which of the following best represents the utility function for the two goods? A) U = x + y B) U = x ∗ y C) U = + D) Any of the above. +
If two goods, x and y , are perfect substitutes, then which of the following best represents the utility function for the two goods? A) U = x + y B) U = x ∗ y C) U = + D) Any of the above.
D) Any of the above.

Correct Answer:

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