Let W Be the Number of Whips and J the Number

question 19

Multiple Choice

Let w be the number of whips and j the number of leather jackets. If Kinko's utility function is U(x, y) = min{ 7w, 4w + 12j}, then if the price of whips is $20 and the price of leather jackets is $40, Kinko will demand

• A) 6 times as many whips as leather jackets.
• B) 5 times as many leather jackets as whips.
• C) 3 times as many whips as leather jackets.
• D) 4 times as many whips as leather jackets.
• E) only leather jackets.

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Definitions:

Ethics Component

Refers to the moral principles or values that govern the conduct of an individual or organization.

Ethical Behavior

Acting in ways that are consistent with societal standards for right and good conduct.

Unethical Organizational

Practices or behaviors within an organization that contradict moral principles, standards, or codes, leading to detrimental consequences for individuals, society, or the organization itself.

Cryptic

Something that is mysterious or obscure in meaning, often requiring careful analysis or interpretation to be understood.