Which of these persons have same preferences as charles

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Reference no: EM131098306

Charles' utility function is U(x;y)=xy. Anne's utility function is U(x;y)=1000xy. Diana's utility function is xy. Elizabeth's utility function is U(x; y)=-1/(xy+1).Fergie' s utility function is xy-10000. Margaret's utility function is x/y. Philip's utility function is x(y + 1). (the goods x and y are two very expensive goods. We leave you to speculate about what they are.) Which of these persons have the same preferences as Charles?

(a) Everybody except Diana

(b) Anne and Fergie

(d) None of them

(e) All of them

Reference no: EM131098306

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