assume that a person has a quasi-linear utility function of the form
-If this person starts from a utility maximizing position,an increase in income will cause:
A)more of both goods to be bought.
B)more of only good y to be bought.
C)more of only good x to be bought.
D)more x and less y to be bought.

Question

assume that a person has a quasi-linear utility function of the form 
-If this person starts from a utility maximizing position,an increase in income will cause:​
A)​more of both goods to be bought. 
B)​more of only good y to be bought. 
C)​more of only good x to be bought. 
D)​more x and less y to be bought.

Quizplus · Accepted Answer

The Answer of assume that a person has a quasi-linear utility function of the form 
-If this person starts from a utility maximizing position,an increase in income will cause:​
A)​more of both goods to be bought. 
B)​more of only good y to be bought. 
C)​more of only good x to be bought. 
D)​more x and less y to be bought.

Assume That a Person Has a Quasi-Linear Utility Function of the Form