Question #109195

4. Any monotonically increasing function of a utility function, is itself:

a. A utility function, with both functions representing the same preference ordering

b. A different utility function, with both functions representing the different preference ordering

c. A utility function, with both functions representing the different preference ordering

d. A different utility function, with both functions representing the same preference ordering

a. A utility function, with both functions representing the same preference ordering

b. A different utility function, with both functions representing the different preference ordering

c. A utility function, with both functions representing the different preference ordering

d. A different utility function, with both functions representing the same preference ordering

Expert's answer

a) A utility function, with both functions representing the same preference orderingÂ

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