Sue Is Maximizing Her Utility

question 9

Multiple Choice

Sue is maximizing her utility. Her MU_x/P_x = 10 and MU_y = 40. Then the price of Y must be

• A) $1.
• B) $4.
• C) $10.
• D) $40.

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Definitions:

Heritability

The proportion of observed variation in a particular trait among individuals of a population that can be attributed to inherited genetic factors.

Medium Ground Finch

A species of bird in the Galapagos Islands, known for its variable beak size, studied in the context of natural selection.

Australian Snake

Reptiles found in Australia, known for both venomous and non-venomous species, playing crucial roles in the ecosystem as predators and prey.

Gallflies

Insects known for forming galls, or abnormal growths, on plants, especially notable in the gall wasp family (Cynipidae).