Charles's Utility Function Is U(x, Y)= Xy

question 9

Multiple Choice

Charles's utility function is U(x, y) = xy.Anne's utility function is U(x, y) =1,000xy.Diana's utility function is -xy.Elizabeth's utility function is U(x, y) = -1/(xy + 1) .Fergie's utility function is xy -010,000.Margaret's utility function is x/y.Philip's utility function is x(y + 1) .(The goods x and y are two very expensive goods.We leave you to speculate about what they are.) Which of these persons have the same preferences as Charles?

• A)Everybody except Diana
• B)Anne and Fergie
• C)Anne, Fergie, and Elizabeth
• D)None of them
• E)All of them

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Definitions:

Obsessive-Compulsive Disorder

A mental disorder characterized by unwanted repetitive thoughts (obsessions) and actions (compulsions).

Repetitive

Characterized by repeating the same action or event over and over again.

Intrusive

Unwanted and often recurrent thoughts, images, or impulses that invade an individual's consciousness, typically causing significant distress.

Unwanted Thoughts

Unwanted thoughts refer to intrusive thoughts that are distressing or disturbing, often occurring spontaneously without the individual's desire.