1、If there are two goods with positive prices and the price of one good is reduced, while incomeand other prices remain constant, then the size of the budget set is reduced.
A、对
B、错
2、If preferences are transitive, more is always preferred to less.
A、对
B、错
3、With quasi-linear preferences, the slope of indifference curves is constant along all rays through the origin.
A、对
B、错
4、Hans has 27 dollars, which he decides to spend on x and y. Commodity x costs $16 per unit and commodity y costs $10 per unit. He has the utility function U (x, y)=5×2 + 2y2 and he can purchase fractional units of x and y.
A、Hans will choose only x.
B、Hans will choose only y.
C、Hans will chose some of each commodity, but more y than x.
D、Hans will choose some of each commodity, but more x than y.
5、Wanda Littlemore’s utility function is U (x, y) = x + 63y2.Her income is 184. If the price of x is 1 and the price of y is 33, how many units of good x will Wanda demand?
A、17
B、22
C、24
D、19
