Veronika's Utility Function for Regular-Flavored Toothpaste (R) and Mint-Flavored Toothpaste

question 106

Multiple Choice

Veronika's utility function for regular-flavored toothpaste (R) and mint-flavored toothpaste (M) is given by U = 2R + 4M. Which of the following statements is TRUE?

• A) MRS_MR = 2M/R.
• B) Veronika's indifference curves are vertical.
• C) Veronika's indifference curves are horizontal.
• D) Veronika is willing to give up two tubes of regular-flavored toothpaste for one tube of mint-flavored toothpaste.

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Definitions:

Closure

The sense of resolution or conclusion at the end of an emotional or traumatic experience or relationship.

Linear Perspective

A fundamental principle in art and design that creates the illusion of depth and distance on a flat surface.

Interposition

A visual cue in perception where one object partially covers another, indicating that the former is closer to the observer.

Horizon

the line at which the earth's surface and the sky appear to meet, often symbolizing a limit or range of a person's knowledge, experience, or interest.