Sam Has Quasilinear Preferences and His Demand Function for X

question 4

Multiple Choice

Sam has quasilinear preferences and his demand function for x is . The price of x is initially $15 per unit and increases to $24 per unit. Sam's change in consumer's surplus is closest to

• A) -168.
• B) -76.
• C) -27.
• D)75
• E) Sam won't consume x at either of the prices.

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Definitions:

Helicopter

A type of aircraft that can take off and land vertically, as well as hover and move forward, backward, and laterally through the air, thanks to its rotating blades.

Predicate

In grammar, the part of a sentence or clause containing a verb that states something about the subject. In logic, the property or characteristic affirmed or denied about the subject of a statement.

Similarity

The state of being alike or having common features or characteristics.

Deductive Step

A step in reasoning in which one proceeds logically from premises to a definite conclusion, ensuring the conclusion necessarily follows.