Question: Ram cannot taste any difference between item(a) and item (b) and so he views one of each item as perfect substitutes.Which utility functions might reflects
Ram cannot taste any difference between item(a) and item (b) and so he views one of each item as perfect substitutes.Which utility functions might reflects Ram's preference?
a.U(a,b)=a+b
b.U(a,b)= a+b
c.U(a,b)=2a+2b
d.U(a,b) = 2a+2b
e.U(a,b)=2a+b
f.U(a,b)=2a+b
g.U(a,b)=ab
h.U(a,b)= ab
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