Forums Science Assignment Help For each list which axioms they violate and clearly explain why

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    Anonymous
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    Each of the following utility functions may violate 1 or more of the four axioms. For each list which axioms they violate and clearly explain why.

    a. U(x,y) = min(2x,y)

    b. U(x,y) = max(x,y)

    c. U(x,y) = 5x – 2/y

    d. U(x,y) = -1/(x+1) – 1/(y+1)

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