Charlie Has the Utility Function U(x_A, X_B)=x_Ax_B

question 10

Multiple Choice

Charlie has the utility function U(x_A, x_B) =x_Ax_B.His indifference curve passing through 40 apples and 9 bananas will also pass through the point where he consumes 5 apples and

• A)48 bananas.
• B)77 bananas.
• C)80 bananas.
• D)24 bananas.
• E)72 bananas.

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Definitions:

Trust Instrument

A legal document that outlines the terms and conditions under which a trust operates, specifying how assets placed in trust are to be managed and distributed.

Corpus

The principal amount in a trust or estate as distinct from interest or dividends earned on that principal amount.

Holographic

Referencing a document, especially a will, entirely written in the handwriting of the person whose signature it bears, often exempt from normally required formalities.

Nuncupative

Pertains to a will that is declared orally by the testator in the presence of witnesses, usually under circumstances where a written will cannot be produced.