Roger's Utility Function Is U = Min{a₁, A₂} Min{b₁, B₂}

question 54

Multiple Choice

Roger's utility function is U = min{a₁, a₂} min{b₁, b₂}, where a₁ and a₂ are the number of piano lessons he consumes this year and next and b₁ and b₂ are the number of ice skating lessons he consumes this year and next. The price of piano lessons is $10 each and the price of ice skating lessons is $4 each. The prices won't change, but the interest rate is 7%. If Roger consumes 20 piano lessons this year, how many ice-skating lessons will he consume next year?

• A) 50
• B) 20
• C) 40
• D) 30
• E) There is not enough information to be able to tell.

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Definitions:

Mental Rotation

A type of visual imagery task in which participants are asked to form an image of a stimulus and then to imagine how it would look as it rotates around a horizontal or vertical axis.

Reliable Perform

Likely a misphrasing intended to refer to "Reliable Performance," which means consistent and dependable execution of tasks or functions.

Learning Styles

The preferred methods or approaches to learning and processing information unique to each individual, influenced by cognitive, emotional, and environmental factors, as well as prior experience.

Visual Learning

Visual learning is a learning style where individuals absorb and retain information more effectively when it is presented in visual forms, such as diagrams, charts, videos, or demonstrations.