Examlex
Joe Bob from Problem 12 has a cousin Pete who consumes goods 1 and 2. Pete thinks that 3 units of good 1 is always a perfect substitute for 4 units of good 2. Which of the following utility functions is the only one that would not represent Pete's preferences?
Labyrinth Dysfunction
A disorder affecting the inner ear's complex system, leading to issues with balance and hearing.
Otosclerosis
A hearing loss condition caused by abnormal bone growth in the middle ear, hindering the ears’ ability to transmit sound.
Bilateral Hyperacusis
A condition characterized by an increased sensitivity to normal environmental sounds in both ears.
Perceptive Hearing Loss
A type of hearing loss resulting from damage to the inner ear or the neural pathways from the inner ear to the brain, also known as sensorineural hearing loss.
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