Solve the Problem $46 ^ { \mathrm { P } } 10$

question 2

Multiple Choice

Solve the problem.
- $46 ^ { \mathrm { P } } 10$

• A) \(1.479 \times 10 ^ { 16 }\)
• B) \(1.479 \times 10 ^ { 17 }\)
• C) \(2.958 \times 10 ^ { 16 }\)
• D) \(1.479 \times 10 ^ { 15 }\)

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Definitions:

Ordinal Utility Function

Utility function that generates a ranking of market baskets in order of most to least preferred.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget and prices.

Slope

The rate at which a line or curve inclines or declines, indicating the steepness.

Preferences

The subjective tastes and desires that guide consumers in making their choice among various goods and services.