Joe Bob's Cousin Peter Consumes Goods 1 and 2

question 36

Multiple Choice

Joe Bob's cousin Peter consumes goods 1 and 2.Peter thinks that 4 units of good 1 is always a perfect substitute for 2 units of good 2.Which of the following utility functions is the only one that would not represent Peter's preferences?

• A)U(x₁, x₂)= min{2x₁, 4x₂}.
• B)U(x₁, x₂)=20x₁ + 40x₂ - 10,000.
• C)U(x₁, x₂)=2x₁ + 4x₂ + 1,000.
• D)U(x₁, x₂)= 4x²₁ +16x₁x₂ + 16x²₂.
• E)More than one of the above does not represent Peter's preferences.

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Definitions:

Auditory Impression

The perception or interpretation of sounds by the brain, including tone, pitch, and loudness.

Echoic Memory

A component of sensory memory that retains auditory information for a short period after the original sound has ceased.

Auditory Stimuli

Sounds that trigger a response in the listener, processed by the auditory system.

Flashbulb Memory

A highly detailed and vivid memory of a momentous event, often retaining its clarity despite the passage of time.