Higher values of k correspond to better indifference curves

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Clara consumes goods x and y. Her indifference curves are described by the formula y=k/(x+5). Higher values of k correspond to better indifference curves. Which of the following is true? A. Clara likes good y and hates good x. B. Clara prefers bundle (11,13) to bundle (13,11). C. Clara prefers bundle (7,3) to bundle (3,7). D. Clara likes good x and hates good y. E. More than one of the above statements are true.

Reference no: EM131246981

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