Henri's Utility Function Is Min{x, 5y +2z}

question 44

Multiple Choice

Henri's utility function is min{x, 5y +2z}.The price of x is $1, the price of y is $15, and the price of z is $7.Henri's income is $44.How many units of x does Henri demand?

• A)9.78
• B)11
• C)5
• D)3
• E)None of the above.

Understand the concept and legal implications of collateral contracts.

Distinguish between voluntary and involuntary assignments and their legal effects.

Explain the principle of vicarious performance and its relevance in contractual obligations.

Discuss the development and scope of the doctrine of privity in contract law and its exceptions.

---

Definitions:

Delusion

A strongly held belief that is clearly false or irrational but is held with deep conviction despite evidence to the contrary.

Hallucination

A hallucination is a perception in the absence of external stimulus that has qualities of real perception, often involving seeing, hearing, or feeling something that isn't there.

Compulsion

An urge or force that drives an individual to perform repetitive behaviors or rituals, often as a way of relieving anxiety.

Psychological Disorders

Mental health conditions characterized by alterations in thinking, mood, or behavior associated with distress and/or impaired functioning.