Consumer A's utility function is U,(x,X2)=x+2x32, Consumer B's utility function is Ug(x,X2)= X+2ln(1+x). If the prices are pi=p2=10, will consumers A and B's income offer curves be the same? O a. No O b. Yes Oc. Not enough information to answer question.

Consumer A's utility function is U,(x,X2)=x+2x32, Consumer B's utility function is Ug(x,X2)= X+2ln(1+x). If the prices are pi=p2=10, will consumers A and B's income offer curves be the same? O a. No O b. Yes Oc. Not enough information to answer question.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Consumer A's utility function is UA(x1,X2)=x,+2X3V2. Consumer B's utility function is Ug(x1,X2)= x2+2ln(1+x). If the prices
are pi=p2=10, will consumers A and B's income offer curves be the same?
O a. No
O b. Yes
O c. Not enough information to answer question.

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