Suppose the Consumer's Utility Function Is Given by U(x,y) = $x$

question 16

Multiple Choice

Suppose the consumer's utility function is given by U(x,y) = xy + y where MU_x = y MU_y = x+1 The equation for this consumer's demand curve for $x$ when I > P_x is

• A) x^d = 0
• B) x^d = \(\frac { I } { 2 P _ { x } }\)
• C) x^d = \(\frac { I } { 2 P _ { x } }\) -\(\frac { 1 } { 2 }\)
• D) x^d = 1/2

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Definitions:

Drug Withdrawal

A condition characterized by the physical and psychological symptoms that occur upon the abrupt discontinuation or decrease of intake of a drug.

Drug Tolerance

The body's reduced reaction to a drug over time, which can result in needing higher doses to achieve the same effect.

Symptoms

Physical or mental features that are regarded as indicating a condition of disease, noticeable to a patient, often leading to a diagnosis.

Disinhibitor

A factor or substance that reduces inhibition, potentially leading to decreased self-control or increased impulsivity.