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

question 39

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. Suppose a banana cost 50 cents and an apple costs also 50 cents. If his income is $10, then his consumption bundle (x_A,x_B) is:

• A)(20,40).
• B)(20,20).
• C)(0,20).
• D)(20,0).

Recognize the importance of early and effective communication of product or service ideas to potential backers.

Understand the implications of rewards and equity sharing in crowdfunding campaigns and their effects on campaign approval and backer expectations.

Understand the differences between crowdfunding and crowdsourcing.

Identify the leading global crowdfunding platforms and their characteristics.

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