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Consider the following five utility functions. G(x,y) = (x) 1/2 + y H(x,y) = (x+1) 1/2 + y + 1 L(x,y) = ln(x) + y
Consider the following five utility functions.
G(x,y) = (x)1/2 + y
H(x,y) = (x+1)1/2 + y + 1
L(x,y) = ln(x) + y
U(x,y) = x ey
W(x,y) = 100 x - 4x2 + 3 y
Z(x,y) = -(100 - x)2 -3 (y-200)2
Which function or functions represent the same preferences as U?
a.G
b.U
c.None.
d.W
e.Z
f.L
g.H
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