Utility function-who has the same preferences as jim

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Jim’s utility function is U(x, y) = xy. Jerry’s utility function is U(x, y) = 1, 000xy + 2, 000. Tammy’s utility function is U(x, y) = xy(1 − xy). Oral’s utility function is U(x, y) = −1/(10+ 2xy). Marjoe’s utility function is U(x, y) = x(y + 1, 000). Pat’s utility function is U(x, y) = 0.5xy − 10, 000. Billy’s utility function is U(x, y) = x/y. Francis’ utility function is U(x, y) = −xy.

(a) Who has the same preferences as Jim?

(b) Who has the same indifference curves as Jim?

Reference no: EM13859096

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