Andrew's Utility Function Is U(x₁, X₂)=4x²₁ + X₂

question 14

Multiple Choice

Andrew's utility function is U(x₁, x₂) =4x²₁ + x₂.Andrew's income is $32, the price of good 1 is $16 per unit, and the price of good 2 is $1 per unit.What happens if Andrew's income increases to $80 and prices do not change? (Hint: Does he have convex preferences?)

• A)He will consume 48 more units of good 2 and the same number of units of good 1 as before.
• B)He will increase his consumption of both goods.
• C)He will reduce his consumption of good 2.
• D)He will consume the same number of units of good 2 and 3 more units of good 1 as before.
• E)None of the above.

Differentiate between projects based on their cash flow patterns and life spans.

Calculate the crossover rate and interpret its significance in project comparison.

Apply discounted cash flow techniques in evaluating long-term projects.

Understand the basic neurological processes involved in neurotransmission, including depolarization, hyperpolarization, and synaptic transmission.

---

Definitions:

Ethical Decision

An ethical decision involves choosing actions that are morally right and reflect the values of fairness and integrity.

Ethical Intensity

The degree of importance or urgency a particular ethical issue is given within an organization, affecting how it is perceived and addressed.

Business Ethics

Business Ethics involves the principles and standards that guide behavior in the world of business, focusing on what constitutes right or wrong actions in a business context.

Xerox

A multinational corporation known for its significant contributions to the document technology and digital print industry.