Find the Value Without Using a Calculator

question 21

Multiple Choice

Find the value without using a calculator.

• A) 999
• B) 10
• C) 1,000
• D) 30
• E) 100

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Definitions:

Utility Function

A mathematical representation that defines how much utility or satisfaction a consumer derives from consuming goods and services.

Indifference Curve

A graph representing different combinations of two goods that provide the same level of utility or satisfaction to the consumer.

Apples

A common fruit that comes in many varieties and is used in numerous culinary preparations, also often referenced as a basic economic good in examples.

Bananas

A type of edible fruit produced by various kinds of large herbaceous flowering plants in the genus Musa.