Choose the true statements (it could be multiple) a. Changing the numeraire changes neither the budget...
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Choose the true statements (it could be multiple) a. Changing the numeraire changes neither the budget constraint nor the budget set. o b. Any commodity can be chosen as the numeraire without changing the budget set or the budget constraint. o c. Max Gross has the utility function U(x, y) = max(x, y). If the price of y is as twice as the price of x, Max will buy only x. d. If a good is a giffen good, then an increase in its price at some point will increase the demand for it. e. For some preferences, there exists a unique utility function. Choose the true statements (it could be multiple) a. Changing the numeraire changes neither the budget constraint nor the budget set. o b. Any commodity can be chosen as the numeraire without changing the budget set or the budget constraint. o c. Max Gross has the utility function U(x, y) = max(x, y). If the price of y is as twice as the price of x, Max will buy only x. d. If a good is a giffen good, then an increase in its price at some point will increase the demand for it. e. For some preferences, there exists a unique utility function.
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