Ella's Utility Function Is Min{ 5x, Y}

question 23

Multiple Choice

Ella's utility function is min{ 5x, y}. If the price of x is $10 and the price of y is $15, how much money would she need to be able to purchase a bundle that she likes as well as the bundle (x, y) = (10, 25) ?

• A) $209
• B) $440
• C) $425
• D) $475
• E) $85

---

Definitions:

Gas Consumption

The use of gas, typically natural gas or gasoline, as a fuel for various purposes including heating, electricity generation, and powering vehicles.

Negative Trait

A personality attribute that is considered undesirable or has a harmful impact on oneself or others.

Response Set

A pattern of responding to questions in a certain way regardless of the content, often seen in psychological tests or surveys.

Marketing Agency

A company that offers a variety of services aimed at promoting and selling products or services, including advertising, market research, and strategy development.