Define cardinal utility functions

Reference no: EM13176829

If two people have cardinal utility functions, person1 is Utility = XY and person2 is Utility = (XY)^1/3 which bundle would they find to be best

Bundle 1: Has an indifference curve of Y = 1/X

Bundle 2: Has an indifference curve of Y = 25/X

Bundle 3: Has an indifference curve of Y = 60/X

Reference no: EM13176829

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