Angela's utility function is . It is possible that if her income is very high, an increase in income will not make her spend more on y.

Name: Angela's utility function is . It is possible that if her income is very high, an increase in income will not make her spend more on y.
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Question

Angela's utility function is  . It is possible that if her income is very high, an increase in income will not make her spend more on y.

Quizplus · Accepted Answer

Angela's utility function is not specified, so we cannot make any assumptions about how it will react to changes in income.

Angela's Utility Function Is