Recall That Casper's Utility Function Is 3x + Y, Where

question 8

Multiple Choice

recall that Casper's utility function is 3x + y, where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x², the price of cheese is $4, and Casper's income is $51, how many units of cocoa will he consume?

• A)3
• B)5
• C)11
• D)6
• E)12

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Definitions:

Metaphor

A figure of speech that describes an object or action in a way that isn’t literally true, but helps explain an idea or make a comparison.

Love

An intense feeling of deep affection or emotional connection towards someone or something.

Rose

A type of flowering shrub of the genus Rosa, in the family Rosaceae, or the flower it bears.

Concept

Concept is an abstract idea representing the fundamental characteristics of what it represents.