Alice's Utility Function Is U(x, Y) = X²y

question 39

True/False

Alice's utility function is U(x, y) = x²y. Steve's utility function is U(x, y) = x²y + 2x. Alice and Steve have the same preferences since Steve's utility function is a monotonic transformation of Alice's.

---

Definitions:

Regulatory Functions

The activities in organisms and systems that maintain homeostasis and control physiological processes.

Endocrine System

A network of glands that secrete hormones into the bloodstream, regulating processes like metabolism, growth, and reproduction.

Metabolic Rate

The rate at which the body uses energy to support its basic functions and physical activity.

Neural Extension

The growth or elongation of neurons during development to form connections with other neurons or target tissues.