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Reshad's preferences over goods 1 and 2 are given by the following utility function: 1 U(q1 , q2) = 91 - 1 + q2 Select

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Reshad's preferences over goods 1 and 2 are given by the following utility function: 1 U(q1 , q2) = 91 - 1 + q2 Select all that applies: a) His preferences satisfy "more is better" b) His preferences fail the transitivity assumption c) His indifference curves are downward sloping but not straight lines d) His preferences are convex De) He dislikes good 2 1 f) Marginal rate of substitution for his preferences is given by MRS12 = (1 + 92)2 g) none of the above

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