Colette Consumes Goods X and Y

Colette consumes goods x and y.Her indifference curves are described by the formula y = k/(x + 7) .Higher values of k correspond to better indifference curves.

A) Colette likes good y and hates good x.
B) Colette prefers bundle (12, 16) to bundle (16, 12) .
C) Colette prefers bundle (8, 5) to bundle (5, 8) .
D) Colette likes good x and hates good y.
E) More than one of the above statements are true.

Correct Answer:

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