Suppose the Consumer's Utility Function Is Given By $U ( x , y ) = x y + y$

question 50

Multiple Choice

Suppose the consumer's utility function is given by $U ( x , y ) = x y + y$ where $\mathrm { MU } _ { \mathrm { x } } = \mathrm { y } \quad \mathrm { MU } _ { \mathrm { y } } = \mathrm { x } + 1$
The equation for this consumer's demand curve for $x$ when $\mathrm { I } > \mathrm { P } _ { \mathrm { x } }$ is:

• A) \(x ^ { d } = 0\)
• B) \(\mathrm { x } ^ { \mathrm { d } } = \frac { 1 } { 2 P _ { x } }\)
• C) \(x ^ { \mathrm { d } } = \frac { I } { 2 P _ { x } } - \frac { 1 } { 2 }\)
• D) \(x ^ { d } = 1 / 2\)

---

Definitions:

Material Misrepresentation

A false statement of fact that is significant enough to influence a party's decision-making, leading to a change in a legal outcome or contract.

Anticompetitive Behavior

Practices by businesses aimed at undermining competition, such as price fixing, monopolies, and predatory pricing.

Section 5

Depending on the context, Section 5 could refer to specific provisions within various legal statutes or regulations, each detailing requirements, prohibitions, or procedures relevant to its respective law.

FTC Act

The Federal Trade Commission Act is legislation aimed at preventing unfair competition, deceptive practices, and regulating antitrust behavior.