Suppose your utility function for 20oz bottles of soda (X) and 12oz cans of soda (Y) is given by U = 4X + 2Y Which
Suppose your utility function for 20oz bottles of soda (X) and 12oz cans of soda (Y) is given by U = 4X + 2Y Which of the following statements is true? You are willing to give up 1 can of 12oz soda for 2 20oz bottles of soda Your indifference curves are vertical Your indifference curves are horizontal You are willing to give up 2 cans of 12oz soda for 1 20oz bottle of soda
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