Tim Consumes Goods X and Y

question 73

Multiple Choice

Tim consumes goods x and y. His utility function is given by U(x,y) = y(x + 5) . Which of the following is true?

• A)Tim prefers bundle (1,2)to bundle (2,1)
• B)Tim likes good x but hates good y.
• C)Tim likes good y but hates good x.
• D)Tim prefers bundle (7,3)to bundle (3,7).

---

Definitions:

McCrae and Costa

Researchers known for the Five Factor Model of personality, which identifies five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by long-term tendencies to experience negative emotional states such as anxiety, anger, or depression.

Deference

The respectful submission or yielding to the judgment, opinion, or wishes of another.

Five-Factor Model

A widely accepted framework in personality psychology that identifies five key dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.