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

question 11

Multiple Choice

In Problem 3, suppose Harry, a typical citizen, has the utility function U(m, d, h) = m + 7d² - d² - 2h, 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 = 6 and D₂ = 1.
• B) D₁ = 5 and D₂ = 3.
• C) D₁ = D₂ = 3.
• D) D₁ = 3 and D₂ = 2.
• E) D₁ = 3 and D₂ = 0.

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Definitions:

Environmental Policy

Regulations and practices developed to protect the natural environment from harmful human activities and to manage natural resources sustainably.

Criminal Methods

Criminal Methods encompass the techniques, strategies, and tactics used by individuals or groups to engage in acts that are unlawful or deceitful, often aiming to gain illegal advantage or profit.

Anthropocentric Relationship

A viewpoint that human beings are the most significant entities in the universe, focusing on human values and interests in evaluating the environment.

Environmental Perceive

The process by which individuals notice and interpret environmental factors or conditions.