Wanda Littlemore's Utility Function Is U(x, Y)= X + 46y

question 37

Multiple Choice

Wanda Littlemore's utility function is U(x, y) = x + 46y - 2y².Her income is $135.If the price of x is $1 and the price of y is $18, how many units of good x will Wanda demand?

• A)5
• B)12
• C)16
• D)0
• E)9

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Definitions:

Occupational Injury

Refers to any injury that occurs as a result of work-related activities, covered under workers' compensation laws.

Work-Related Diseases

Illnesses contracted as a direct result of an individual's employment, typically through exposure to chemicals, processes, or environments that are hazardous.

State Workers' Compensation Laws

The regulations established by individual states in the United States to provide benefits to employees who are injured or become ill as a direct result of their job.

Accidental

Occurring unexpectedly or by chance, without being planned or intended.