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MER M A P Consider a person that tells you they are indifferent between the following two consumption bundles: (10,0) and (0,5). Which type of

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MER M A P Consider a person that tells you they are indifferent between the following two consumption bundles: (10,0) and (0,5). Which type of preferences would you assume this person has? Cobb-Douglas Perfect Complements Perfect Substitutes Quasi-linear D Question 7 1 pts Suppose that Tim views two goods, coffee (C) and donuts (D), as perfect complements such that he likes to eat 2 donuts with each cup of coffee. Choose the function below that could represent his utility function. O U = min(C, } D) O U = min(} C, D) OU = C+D OU = 40+D MAY 3

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