Adriana Is Maximizing Her Utility

question 59

Multiple Choice

Adriana is maximizing her utility. Her MU_x/P_x = 10 and MU_y = 60. Then the price of Y must be

• A) $1.
• B) $6.
• C) $10.
• D) $60.

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Definitions:

Difficult To Administer

Describes processes, systems, or regulations that are complex or cumbersome to manage, often due to intricacy, multitude of components, or lack of clarity.

Farsighted Organizations

Organizations that prioritize long-term goals and outcomes over immediate gains, often incorporating strategic planning and forward-thinking.

Strategic Farsightedness

The ability of an organization to look beyond immediate challenges and plan for long-term opportunities and risks.

Flexible Structure

An organizational framework that can quickly adapt to changes in the environment, allowing for innovation, scalability, and responsiveness.