If Utility Is Given by

question 14

Multiple Choice

If utility is given by
And p_x = 2,p_y = 3,I = 50,this person will choose:

• A)(10,10).
• B)(15,6.67).
• C)(25,0).
• D)(0,50/3).

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Definitions:

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A contract between a vehicle owner and an insurance company, where the insurer covers losses related to car accidents or theft.

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