Madonna buys only two goods.Her utility function is Cobb-Douglas.Her demand functions have which of the following properties?
Madonna buys only two goods.Her utility function is Cobb-Douglas.Her demand functions have which of the following properties?
A.Her demand for one of the two goods does not depend on income.
B.Her demand for neither good depends on income.
C.Her demand for each of the goods depends on income and on the prices of both goods.
D.Her demand for each of the two goods depends only on her income and on the price of that good itself.
正确答案:Her demand for each of the two goods depends only on her income and on the price of that good itself.
Tag:中级微观经济学
时间:2023-12-17 11:46:58
- 上一篇:Walt consumes strawberries and cream but only in the fixed ratio of three boxes of strawber ries to two cartons of cream.At any other ratio, the excess goods are totally useless to him.The cost of a box of strawberries is 10 and the cost of a carton of c
- 下一篇:The strong axiom of revealed preference requires that if a consumer chooses x when he can afford y; and chooses y when he can afford z; then he will not choose z when he can afford x.。