Colette consumes goods x and y.Her indifference curves are described by the formula y = k/(x + 7).Higher values of k correspond to better indifference curves.
A)Colette likes good y and hates good x.
B)Colette prefers bundle (12, 16)to bundle (16, 12).
C)Colette prefers bundle (8, 5)to bundle (5, 8).
D)Colette likes good x and hates good y.
E)More than one of the above statements are true.

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The Answer of Colette consumes goods x and y.Her indifference curves are described by the formula y = k/(x + 7).Higher values of k correspond to better indifference curves.
A)Colette likes good y and hates good x.
B)Colette prefers bundle (12, 16)to bundle (16, 12).
C)Colette prefers bundle (8, 5)to bundle (5, 8).
D)Colette likes good x and hates good y.
E)More than one of the above statements are true.

Colette Consumes Goods X and Y