Charlie's Utility Function Is U(x_A, X_B)= X_Ax_B

question 55

Multiple Choice

Charlie's utility function is U(x_A, x_B) = x_Ax_B.If Charlie's income is $40, the price of apples is $4, and the price of bananas is $2, how many apples are there in the best bundle that Charlie can afford?

• A)10
• B)12
• C)8
• D)9
• E)5

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Definitions:

Syncline

A fold, generally concave upward, with the youngest rocks in the center.

Cleavage

A property of minerals that describes their tendency to break along flat surfaces based on their crystalline structure.

Strike-Slip Fault

A type of fault where rocks on either side move horizontally past one another, typically a result of shear stress.

Oblique-Slip Faults

Faults that exhibit both vertical and horizontal movement, combining characteristics of strike-slip and dip-slip (normal or reverse) faults.