Would you say that Neymar and Luis have the same tastes That
Would you say that Neymar and Luis have the same tastes? That is, would both of them rank a given set of bundles equally?
True or False
Solution
Suppose we consider utility function for bundle (x^,y^) as (2,4)
Neymars utility function= 5x^.4y^.6
=5*2*4*4*6
=960
while Luis\' utility function = x^.4y^.6
=2*4*4*6
=192
Thus they will not rank the given bundles equally.
They dont have same tastes
answer is false
