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Howard Has the Utility Function

Question 4

Multiple Choice

Howard has the utility function Howard has the utility function . His income is $30. A) Howard does not like good y. B) Howard has a bliss point. C) If the price of good x is $4 and the price of good y is $1, Howard will buy 2 units of y. D) Howard will buy good y only if it is cheaper than good x. E) None of the above. . His income is $30.


A) Howard does not like good y.
B) Howard has a bliss point.
C) If the price of good x is $4 and the price of good y is $1, Howard will buy 2 units of y.
D) Howard will buy good y only if it is cheaper than good x.
E) None of the above.

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