Which of the Following Utility Functions Is an Example of Preferences

question 42

Multiple Choice

Which of the following utility functions is an example of preferences for perfect substitutes?

• A) \(U ( x , y ) = y \sqrt { x }\)
• B) \(U ( x , y ) = \min \{ 2 x , y \}\)
• C) \(U ( x , y ) = 3 x + 5 y\)
• D) \(U ( x , y ) = 2 x ^ { 2 } + 4 y\)

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Definitions:

Menstrual Period

A monthly cycle where the female body sheds the lining of the uterus, leading to bleeding through the vagina, a natural part of the reproductive system.

Conception

The process of fertilization where a sperm cell unites with an egg cell, leading to the formation of a zygote and the beginning of pregnancy.

Fetal Alcohol Syndrome

A condition in a child that results from alcohol exposure during the mother's pregnancy, causing brain damage and growth problems.

Fetal Alcohol Effect

A condition resulting from alcohol exposure during pregnancy, characterized by developmental delays and problems in behavior or cognition, less severe than Fetal Alcohol Syndrome.