Joseph's Utility Function Is Given by X_A + 2x_B, Where

question 41

Multiple Choice

Joseph's utility function is given by x_A + 2x_B, where x_A denotes his consumption of apples and x_B his consumption of bananas. If a banana cost 50 cents and an apple costs also 50 cents, how many apples will he buy if his income is $10?

• A)20
• B)10
• C)0
• D)5

---

Definitions:

Measure

A method or tool used to assess, quantify, or evaluate something, often used in analyzing performance or outcomes.

Short-lived

Lasting for only a brief period.

Emotions

Complex psychological states involving physiological arousal, expressive behaviors, and conscious experience.

Outgroup

A group of people perceived as distinctly different from or outside of one's own in-group, often leading to biases or discrimination.