What Value of X Gives the Minimum Value of

question 20

Multiple Choice

What value of x gives the minimum value of ? Restrict your attention to the horizontal span of 0 to 10.Round your answer to two decimal places. ​

• A) 29.38
• B) 5.39
• C) 4.05
• D) 33.06

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Definitions:

Rational

The quality of being based on or in accordance with reason or logic.

Indifference Curves

A graph representing different bundles of goods between which a consumer is indifferent, showing equal levels of utility.

Preference Map

A relationship between two variables, X and Y, in which a decrease in X is associated with a decrease in Y, and an increase in X is associated with an increase in Y.

Indifference Curve

a graph showing different combinations of two goods that give a consumer equal satisfaction and utility.