The Assumption on Utility Functions That States That, If Two

question 17

Multiple Choice

The assumption on utility functions that states that, if two bundles are close to each other in the feasible set, then they will be assigned utility numbers that are close to each other as well is called

• A) convexity
• B) continuity
• C) ordinality

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Definitions:

Tardive Dyskinesia

A neurological syndrome caused by the long-term use of neuroleptic drugs, characterized by repetitive, involuntary, purposeless movements.

Brain Damage

The destruction or deterioration of brain cells, often resulting in impaired cognitive, physical, or emotional functions.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions, and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.

Conventional Antipsychotic

A group of older antipsychotic drugs primarily used to treat symptoms of psychosis, such as those found in schizophrenia.