For the utility function u x x x x which of the following statements is true if consumption of both commodities is strictly positive

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1.For the utility function U(x1,x2)=x1x2 which of the following statements is true if consumption of both commodities is strictly positive ...

oth commodities is strictly positive a idc are convex but not strictly convex b the bundle (5,6) is weakly preferred to the bundle (3,10) c commodity 2 is inferior d commodity 1 is a giffen good e none of the above

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1.AU MAT 120 Systems of Linear Equations and Inequalities Discussion

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