9. Valentina is also making the same decision as above. Her utility is u(x:y) mi

Question

9. Valentina is also making the same decision as above. Her utility is u(x:y) minf2x; yg. What are Valentina's preferences over countries? (a) USA> Australia > UK (b) U K >Australia> USA (c) Australia > USA-UK (d) USA -UK > Australia (e) None of the above 0. Which of these preferences does not represent a preference ordering of per fect substitutes? (a) x2 + 3x 3y +2xy y2 (b) minix + y; x2 + y2 + 2xyg (c) x2 3xy y2 (d) They are all perfect substitues. (e) More than one of the above

Explanation / Answer

Answer 9:

Mention what does x and y represent in the comment section as the question mentions "as above" but the information is not attached. I will answer this part in the comment section after you provide with all information.

Answer 10:

Option B. This function represents that the preference of consumer is perfect complements.

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