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Previous Page Next Page Page y Of 15 Question 9 (6 points) Suppose that the following utility function is given U(X, Y) = -X-1-Y-1. Which

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Previous Page Next Page Page y Of 15 Question 9 (6 points) Suppose that the following utility function is given U(X, Y) = -X-1-Y-1. Which of the following is correct? Both X and Y are goods and indifference curve is negatively sloped. OY is a good and X is a bad and indifference curve is positively sloped. Both X and Y are bads and indifference curve is negatively sloped. OX is a good and Y is a bad and indifference curve is negatively sloped. Previous Page Next Page Page 9 of 15

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