Which of the Following Utility Functions Is an Example of Preferences

question 25

Multiple Choice

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

• 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:

Local Anesthetic

Reduction of pain in an area of the body.

First Stage

The initial phase or period in a process, development, or series of events.

Uterine Contractions

The tightening and relaxing of the muscles in the uterus, which can occur during menstruation or childbirth.

Last Month

A reference to the previous calendar month from the current date.