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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 satisfy the transitivity assumption (c) His indifference curves are downward sloping straight lines ( d) His preferences are not convex ( e) He dislikes good 2 92 f) Marginal rate of substitution for his preferences is given by MRS12 = (1 + q2)2 g) none of the above

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