A Person with Utility Function U(x, Y) = 5

question 53

True/False

A person with utility function U(x, y) = 5 + y² + 2x has nonconvex preferences.

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Definitions:

Descartes

René Descartes, a 17th-century French philosopher, mathematician, and scientist, known for his statement "I think, therefore I am" and his contributions to modern philosophy and the development of the Cartesian coordinate system.

Instinct

Instinct denotes the inherent inclination of a living organism towards a particular complex behavior, which is unlearned and often serves survival and reproductive purposes.

Cognition

The act of obtaining knowledge and insights through the faculties of the mind, personal experiences, and sensory input.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a concern about future events.