Reginald Is Fond of Cigars

question 28

Multiple Choice

Reginald is fond of cigars. His utility function is U(x, c) = x + 10c - .5c², where c is the number of cigars he smokes per week and x is the money that he spends on the consumption of other goods. Reginald has $200 a week to spend. Cigars used to cost him $1 each, but their price went up to $2 each. This price increase was as bad for him as losing income of

• A) $5.
• B) $7.25.
• C) $9.
• D) $8.
• E) $8.50.

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Definitions:

Difference Tradition

A concept or approach that values and emphasizes the significance of differences between individuals or groups, often in cultural or gender studies.

Radical Feminism

A perspective within feminism that calls for a drastic reordering of society to eliminate male supremacy and advocates for the liberation of women through ending patriarchy.

Stereotype Threat

The risk of confirming negative stereotypes about one's social group, which can impact performance and behavior.

Gender Gap

The disparities between genders in various aspects, such as income, education, and political representation.