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Larry's Utility Function Is U = 4X + 12Y

question 115

Essay

Larry's utility function is U = 4X + 12Y. Which property of consumer preferences does Larry's utility function violate? Explain your answer.


Definitions:

Leaf Arrangement

The pattern or configuration in which leaves are distributed along the stem of a plant.

Node

The area on a stem where each leaf is attached. Compare with internode.

Cuticle

A protective and waxy or hard outer covering of plants, insects, or other organisms, which protects against environmental damage.

Epidermal Cell

A type of cell that makes up the epidermis, the outermost layer of the skin, serving as a protective barrier.

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