Question: I don't understand why the correct answer is C. How do we know that this function violates the principle of more is better ? Is
I don't understand why the correct answer is C. How do we know that this function violates the principle of more is better ? Is it because the limit as X approaches infinity is 0, hence the utility becomes 0 ?
Thanks

26. The utility function U= Y/X violates the assumption(s) of: A) rankability. B) completeness. C) more is better. D) rankability and completeness
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