Suppose the Consumer's Utility Function Is Given by U(x,y) = $M U _ { x } = \frac { y ^ { \frac { 3 } { 4 } } } { 4 x ^ { \frac { 3 } { 4 } } }$

question 33

Multiple Choice

Suppose the consumer's utility function is given by U(x,y) = x^1/4y^3/4 where $M U _ { x } = \frac { y ^ { \frac { 3 } { 4 } } } { 4 x ^ { \frac { 3 } { 4 } } }$ $M U _ { y } = \frac { 3 x ^ { \frac { 1 } { 4 } } } { 4 y ^ { \frac { 1 } { 4 } } }$ The equation for this consumer's demand curve for $x$ is

• A) \(x = \frac { I } { 2 P _ { x } }\)
• B) \(x = \frac { I } { 4 P _ { x } }\)
• C) \(x = \frac { I } { P _ { x } }\)
• D) \(x = \frac { 3 I } { 4 P _ { x } }\)

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Definitions:

Supply Chain

A system connecting a business with its providers to manufacture and supply a particular item to the ultimate consumer.

CPFR

Collaborative Planning, Forecasting, and Replenishment is a business practice where supply chain partners share information and resources to better predict customer demand and adjust supply accordingly.

Scalable

The ability of a system, model, or business to handle growing amounts of work or to be readily enlarged to accommodate that growth.

Behavioral Obstacles

Factors related to human behavior that hinder the efficient functioning of processes, decision-making, or achievement of goals.