Phil Rupp, Has a Sister Ethel Who Has the Utility

question 12

Multiple Choice

Phil Rupp, has a sister Ethel who has the utility function U(x, y) =min{x +y, 6y}.Where x is measured on the horizontal axis and y on the vertical axis, her indifference curves consist of a

• A)vertical line segment and a horizontal line segment that meet in a kink along the line y = 5x.
• B)positively sloped line segment and a negatively sloped line segment that meet along the line x = y.
• C)horizontal line segment and a negatively sloped line segment that meet in a kink along the line x = y.
• D)vertical line segment and a horizontal line segment that meet in a kink along the line x = 5y.
• E)horizontal line segment and a positively sloped line segment that meet in a kink along the line x = 5y.

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Definitions:

Self-efficacy Theory

A psychological theory asserting that an individual’s belief in their own ability to succeed influences their motivation and performance in various settings.

Confidence

A feeling of self-assurance arising from one's appreciation of their own abilities or qualities.

Competence

The ability of an individual or organization to effectively perform a job or task due to their knowledge, skills, and experience.

Positive Reinforcement

A strategy in behavior management that involves giving a reward or positive outcome after a desired behavior is performed, encouraging that behavior to be repeated.