Consider the utility function .Which of the following are true statements about the indifference maps represented by this function.
A)MRS=-1 along the 45 degree line if and only if .
B)MRS=-1 along a ray steeper than the 45 degree line if and only if .
C)MRS=-1 along a ray shallower than the 45 degree line if and only if .
D)All of the above.
E)None of the above.

Question

Consider the utility function  .Which of the following are true statements about the indifference maps represented by this function.
A)MRS=-1 along the 45 degree line if and only if . 
B)MRS=-1 along a ray steeper than the 45 degree line if and only if . 
C)MRS=-1 along a ray shallower than the 45 degree line if and only if . 
D)All of the above. 
E)None of the above.

Quizplus · Accepted Answer

The Answer of Consider the utility function  .Which of the following are true statements about the indifference maps represented by this function.
A)MRS=-1 along the 45 degree line if and only if . 
B)MRS=-1 along a ray steeper than the 45 degree line if and only if . 
C)MRS=-1 along a ray shallower than the 45 degree line if and only if . 
D)All of the above. 
E)None of the above.

Consider the Utility Function