Raymond's Preferences Are Represented by the Utility Function U(x, Y)

question 7

Multiple Choice

Raymond's preferences are represented by the utility function U(x, y) = if y > 0 and U(x, y) = 0 if y = 0.

• A) Raymond has indifference curves that are rectangular hyperbolas.
• B) Raymond prefers more of each good to less.
• C) Raymond has quasilinear preferences.
• D) Raymond has a bliss point.
• E) Raymond has indifference curves that are upward-sloping straight lines if y > 0.

---

Definitions:

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by physical growth delays, characteristic facial features, and mild to moderate intellectual disability.

Hemodialysis

A medical procedure to remove waste products and excess fluid from the blood when the kidneys are no longer working adequately.

Learning Assessment

The practice of measuring a student's academic progress or learning outcomes using various tools and methods.

Learning Style

An individual's preferred way of gathering, processing, and comprehending information, which can affect how they learn.