Suppose that Rene consumes 2 goods, X and Y, and that her preferences are represented by the

Question:

Suppose that Renée consumes 2 goods, X and Y, and that her preferences are represented by the utility function U(X,Y) = X0.5Y0.5. Determine whether each of the following utility functions also represent Renee’s preferences:
a. V(X,Y) = 33XY + 427
b. W(X,Y) = 400X0.75Y0.25