In Problem 3, Suppose Lawrence, a Typical Citizen, Has the Utility

question 20

Multiple Choice

In Problem 3, suppose Lawrence, a typical citizen, has the utility function U(m, d, h) = m + 7d² - d² - 4h, where d is the number of hours per day that he spends driving around, h is the average number of hours per day spent driving around by other people in his home town, and m is the amount of money he has left to spend on other stuff besides gasoline and auto repairs. Gas and auto repairs cost $1 per hour of driving. If each citizen believes that their own driving will not affect the amount of driving done by others, they will all drive D₁ hours per day. If all citizens drive to maximize the utility of a typical citizen, they will all drive D₂ hours per day, where

• A) D₁ = 5 and D₂ = 2.
• B) D₁ = D₂ = 3.
• C) D₁ = 3 and D₂ = 1.
• D) D₁ = 6 and D₂ = 0.
• E) D₁ = 3 and D₂ = 0.

Understand how intuitive thinking is used in nursing practice.

Recognize the importance of contextual awareness in patient care.

Display an understanding of various critical thinking attitudes required in nursing.

Understand the importance of evaluating actions in nursing and the decision-making process.

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