1. There are two goods. You know how much of good 1 a consumer can afford if she spends all of her income on good 1. Also, you know how much of good 2 a consumer can afford if she spends all of her income on good 2. Then without knowing the ratio of the prices or any other information, we can draw the consumer's budget line. True 2. Changing the numerajre changes neither the budget constraint nor the budget set. True 3. Any commodity can be chosen as the numerajre without changing the budget set or the budget constraint. 'Ibue 4. Max Gross has the utility function U(x,y)=n1ax{x,y}. If the price of y is as twice as the price of x, Max will buy only x. 'Ii'ue 5. If a good is an inferior good, then an increase in its price will increase the demand for it. False 6. For some preferences, there exists a unique utility function. FaISe