The following are the utility functions of five different individuals named 1,2,3,4 and 5 for a...

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The following are the utility functions of five different individuals named 1,2,3,4 and 5 for a bundle of goods (, 2). Each has the same budget and faces the same prices for each of the goods. Which, if any, of these agents will choose the same utility maximizing bundle? 1. U(1, ) = x1x2 2. U(x1, x2) 1000x12 = -1 3. U3(x1, x2) = 2+1 #172+1 4. U(1, ) = x2 - 1000 5. Us(x1, x2) = x(x+1) The following are the utility functions of five different individuals named 1,2,3,4 and 5 for a bundle of goods (, 2). Each has the same budget and faces the same prices for each of the goods. Which, if any, of these agents will choose the same utility maximizing bundle? 1. U(1, ) = x1x2 2. U(x1, x2) 1000x12 = -1 3. U3(x1, x2) = 2+1 #172+1 4. U(1, ) = x2 - 1000 5. Us(x1, x2) = x(x+1)

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To determine which if any of the agents will choose the same utilitymaximizing bundle we need to fin... View the full answer