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Henry's utility function is U ( x, w )= x 2 + 16 xw + 5 x 5 , where x is his consumption of
Henry's utility function isU(x, w)=x2+ 16xw+ 5x5, where x is his consumption of good x and w is his consumption of good w.
a.Henry's preference are nonconvex.
b.None of the above.
c.Henry's indifference curves are hyperbolas.
d.Henry has a bliss point.
e.Henry's indifference curves are straight lines.
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