Evaluate the Piecewise Function at the Given Value of the Independent

question 20

Multiple Choice

Evaluate the piecewise function at the given value of the independent variable.
- $(x) =\left\{\begin{array}{ll}x+1 & \text { if } x<1 \\3 & \text { if } x \geq 1\end{array}\right.$

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Definitions:

Marginal Rate of Substitution

The rate at which a consumer is willing to give up one good in exchange for another good while maintaining the same level of utility.

Wheat

A cereal grain that is a worldwide staple food, known for its application in various foods like bread, pasta, and more.

Milk

A nutritious white liquid produced by the mammary glands of mammals, widely consumed as a beverage or used as an ingredient in cooking.

Utility Function

A representation in economics that captures a consumer's preference by assigning a utility value to different bundles of goods.