A Person with the Utility Function U(x, Y) = Y

question 12

True/False

A person with the utility function U(x, y) = y + x² has convex preferences.

---

Definitions:

Sensory Memory

The shortest-term element of memory that allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Long-Term Memory

A type of memory responsible for the storage of information over an extended period, ranging from a few days to decades.

Eidetic Imagery

The rare ability to recall images, sounds, or objects in memory with great precision and in seemingly photographic detail.

Sigmund Freud

Originating from Austria, he was a pioneering neurologist who established psychoanalysis as a way to treat mental health issues through dialogue with a psychoanalyst.