A Person with Utility Function U(x, Y)= 5 + Y²

question 47

True/False

A person with utility function U(x, y)= 5 + y² + 2x has nonconvex preferences.

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Definitions:

Bowen's Reaction Series

A sequence that describes the order in which minerals crystallize from cooling magma according to their chemical composition and temperature.

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Any form of water, liquid or solid, that falls from the atmosphere and reaches the ground.

Groundwater

The subsurface water that occupies the pore spaces in soils and rocks, serving as a major source of fresh water for many areas.