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For Questions Assume That an Individual Consumes Two Goods

question 36

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For questions assume that an individual consumes two goods X and Y. The total utility (assumed measurable) of each good is independent of the rate of consumption of other goods. The prices of X and Y are, respectively, $5 and $10.

 Units of the Good  TotalUtility of X Total Utility of Y15040029575031359504170110052001220622513207245140082601450\begin{array}{lcc}\text { Units of the Good } & \text { TotalUtility of } X & \text { Total Utility of } Y \\1 & 50 & 400 \\2 & 95 & 750 \\3 & 135 & 950 \\4 & 170 & 1100 \\5 & 200 & 1220 \\6 & 225 & 1320 \\7 & 245 & 1400 \\8 & 260 & 1450\end{array}
-If the consumer has $110 to spend on X and Y, which combination will the consumer choose?

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Definitions:

Low Extraversion

Characterized by being reserved, introspective, and less engaged in social activities.

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An anxiety disorder characterized by an intense fear of being in places where escape might be difficult or that might lead to panic attacks.

Anxiety Attacks

Intense and often sudden feelings of fear, panic, or discomfort, commonly accompanied by physical symptoms such as heart palpitations and trembling.

Obsessive-compulsive Disorder

A mental health disorder characterized by recurrent, unwanted thoughts (obsessions) and/or repetitive behaviors (compulsions).

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