Suppose That Wilma's Utility Function Is Given by U(E)= 100

question 11

Multiple Choice

Suppose that Wilma's utility function is given by U(E) = 100 - 2E²,
Where E = Wilma's work effort in producing homemade dinners,measured in hours per day.Given her utility function,Wilma has an incentive to supply:

• A) maximum effort, because working hard is important to her.
• B) maximum effort, because she is afraid of getting fired.
• C) minimum effort, because she knows she will get fired under any circumstances.
• D) minimum effort, because her utility decreases as effort increases.
• E) maximum effort, because she can increase her salary by working harder.

Evaluate the influence of media on gender perceptions over time.

Analyze the relationship between gender and economic contributions within households.

Examine changes in the scientific approach to gender over the last few decades.

Understand the correlation between a country's wealth and its gender equality.

---

Definitions:

Demand

The quantity of a product or service that consumers are willing and able to buy at a given price over a specified period of time.

Price

The expenditure needed to secure a product, service, or piece of property.

Price-discriminating Monopolist

A monopolist that sells the same product at different prices to different groups of consumers, usually to maximize profits by capturing consumer surplus.

Market

A place or mechanism through which buyers and sellers interact to trade goods, services, or assets, facilitating the determination of prices and the exchange of ownership.