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Joe Bob from Problem 12 Has a Cousin Pete Who

question 5

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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?


Definitions:

R-value

A measure of thermal resistance, indicating the effectiveness of insulation materials in preventing heat transfer.

Canadian Government

The federal administration of Canada which operates under a parliamentary system within a constitutional monarchy.

Kilometres Per Litre

A measure of a vehicle's fuel efficiency, indicating how many kilometres the vehicle can travel on one litre of fuel.

Micropower

Small-scale technologies designed to provide electricity to a small number of users via methods that are less resource-intensive and more environmentally friendly than traditional power stations.

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