Angela Has Preferences Represented by the Utility Function U(x, Y)

question 43

Multiple Choice

Angela has preferences represented by the utility function U(x, y) = 2x + 2y. She consumes 10 units of good x and 6 units of good y. If her consumption of good x is lowered to 4, how many units of y must she have in order to be exactly as well off as before?

• A) 14
• B) 13
• C) 12
• D) 15
• E) None of the above.

Understand the concepts related to global interconnectivity, such as economic changes, traditional culture adaptation, and the role of technology.

Learn about the demographic and social-economic numbers that reflect the present global challenges.

Grasp concepts of power, assimilation, and global corporate influence.

Understand the concepts of state-dependent and context-dependent memory and their effects on recall.

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