A Person with the Utility Function U(x, Y)= 10

question 8

True/False

A person with the utility function U(x, y)= 10 + y² + x has convex preferences.

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Definitions:

American Society

American Society likely refers to a specific organization, such as the American Society of Mechanical Engineers (ASME), which is dedicated to the development and dissemination of knowledge and standards within a specific field.

ASME

The American Society of Mechanical Engineers, an organization that sets industry standards for mechanical engineering practices, including codes for pressure vessels and piping.

Mechanical Engineers

Experts who use physics and materials science principles to design, analyze, manufacture, and maintain mechanical systems.

Manufacturing Engineers

Professionals who design, implement, and improve the manufacturing processes, systems, or products, focusing on efficiency, quality, and safety.