If Johnny Likes Homework (H)but Hates Exercise (E),which of the Following

question 36

Multiple Choice

If Johnny likes homework (H) but hates exercise (E) ,which of the following might best represent his utility function for homework and exercise?

• A) U = H + E
• B) U = H/E
• C) U = +
• D) U = ×

---

Definitions:

Right of First Refusal

A legal right allowing the possessor to initiate a business deal with the owner of an asset, prior to the owner having the right to engage in that deal with another party.

Injunction

A court order requiring an individual to do or cease doing a specific action.

Reformation

A legal process to correct or modify a written agreement or document that inaccurately reflects the parties' intentions due to error or fraud.

Punitive Damages

Financial compensation awarded to a plaintiff to punish the defendant for especially harmful behavior, beyond simple compensation.