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OpenStudy (anonymous):
Hy's utility function is U(x1, x2) = (x1)(x2). Which bundle would he like better: (4x, 6x) or (8x, 3x)--where x is any positive real number? In the utility function, the values are subscripts.
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OpenStudy (anonymous):
I'm thinking that he would be indifferent since both yield the same value by the utility function--given that x remains constant. But I'm not sure.
OpenStudy (phi):
sounds right.
OpenStudy (anonymous):
Ok, great! Thanks for your help (:
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