Casper's Utility Function Is 3x + Y, Where X Is

question 69

Multiple Choice

Casper's utility function is 3x + y, where x is his consumption of cocoa and y is his consumption of cheese. If the total cost of x units of cocoa is x², the price of cheese is $10, and Casper's income is $260, how many units of cocoa will he consume?

• A) 12
• B) 15
• C) 29
• D) 14
• E) 30

---

Definitions:

Social Psychological

Relating to how social influences affect individual behavior and mental processes.

Cultural Value

A system of beliefs, moral codes, and customs shared by a society, influencing its members' behavior and attitudes.

Commencement Ceremony

A formal event celebrating the completion of academic studies, marking the awarding of degrees.

Rituals

Set sequences of actions or practices, often symbolic in nature, performed in a customary way.