Charlie's Utility Function Is U(x_A, X_B) = X_Ax_B

question 21

Multiple Choice

Charlie's utility function is U(x_A, x_B) = x_Ax_B. If Charlie's income were $40, the price of apples were $4, and the price of bananas were $6, how many apples would there be in the best bundle that Charlie could afford?

• A) 8
• B) 10
• C) 12
• D) 9
• E) 5

---

Definitions:

Quantifier

Symbols or words in formal logic that indicate the scope of a term, such as "all," "some," or "none," specifying quantity or amount in logical expressions.

Categorical Proposition

A statement that relates two categories or classes in a manner that is either affirmative or negative.

Declarative English

Use of English language to make statements or assertions in a straightforward manner, often used to convey facts or information.

Categorical Proposition

A statement in logic that asserts or denies something about all members of a category.