In Problem 7, Lolita's Utility Function Is U(x, Y)

question 2

Multiple Choice

In Problem 7, Lolita's utility function is U(x, y) , where x is her consumption of cow feed and y is her consumption of hay. If the price of cow feed is $.60, the price of hay is $1, and her income is $4 and if Lolita chooses the combination of hay and cow feed that she likes best from among those combinations she can afford, her utility will be

• A) 4.08.
• B) 3.40.
• C) 0.08.
• D) 6.08.
• E) 2.08.

Understand the evolutionary significance of protists and their relationship to other eukaryotic kingdoms.

Describe the mutualistic relationships in nature, such as those found in lichens.

Explain the role of fungi and protists in biotechnology and environmental processes.

Understand the basic terminology and classification of microorganisms, including bacteria.

---

Definitions:

Apparent Authority

A form of authority that a third party reasonably believes an agent has, based on the principal's behavior or words, which can bind the principal to agreements made by the agent.

Authorizing Document

An official document that grants permission or authority for certain actions or activities.

Ratify

To officially sanction or ratify an agreement or treaty, thereby making it legally binding.

Contractual Capacity

The legal ability of a party to enter into a contract, including being of legal age and having sound mind.