Martha's Utility Function Is U(x, Y) = Min{x + 2y

question 15

Multiple Choice

Martha's utility function is U(x, y) = min{x + 2y, 2x + y}. George's utility function is U(x, y) = min{ 2x + 4y, 4x + 2y}. If George and Martha have the same income and face the same prices for the goods x and y,

• A) George and Martha will both demand the same amount of y.
• B) Martha will always prefer George's consumption bundle to her own.
• C) George will always prefer Martha's consumption bundle to his own.
• D) George will demand more x than Martha demands.
• E) None of the above.

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Definitions:

Peripheral Resistance

The resistance of the arteries to blood flow. As the arteries constrict, the resistance increases and blood pressure rises.

Cardiac Output

The volume of blood the heart pumps through the circulatory system in one minute, a crucial parameter for determining heart efficiency.

Oxygen Level

The concentration of oxygen in a particular environment or medium, typically referring to its amount in the blood.

Internal Carotid Arteries

Major arteries in the head that supply blood to the brain, eyes, and other parts of the head.