Ron's Utility Function Is Given by U(x,y)= Min[2x,y]

question 55

Multiple Choice

Ron's utility function is given by U(x,y) = min[2x,y]. If the price of x is 1 and the price of y is 1, Ron spends his $12 income on:

• A)4 units of x and 4 units of y.
• B)8 units of x and 8 units of y.
• C)4 units of x and 8 units of y.
• D)8 units of x and 4 units of y.

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Definitions:

Emotional Flatness

A condition where an individual experiences a lack of emotional reactivity, often feeling numb or detached from emotions.

Antipsychotic Drugs

Medications used to treat psychiatric conditions by altering brain chemistry to reduce psychotic symptoms like hallucinations and delusions.

Schizophrenia

A psychotic disorder marked by delusions, hallucinations, disorganized and incoherent speech, inappropriate behavior, and cognitive impairments.

Tardive Dyskinesia

A neurological disorder characterized by involuntary, repetitive body movements, often resulting from long-term use of antipsychotic medication.