Where X Is Whips and Y Is Leather Jackets, If

question 13

Multiple Choice

where x is whips and y is leather jackets, if Kinko's utility function were U(x, y) =min{6x, 3x + 9y}, then if the price of whips were $20 and the price of leather jackets were $40, Kinko would demand

• A)2 times as many leather jackets as whips.
• B)3 times as many whips as leather jackets.
• C)4 times as many leather jackets as whips.
• D)5 times as many whips as leather jackets.
• E)only leather jackets.

---

Definitions:

Pressures

Forces that influence the actions, behaviors, or policies of others, often creating a sense of urgency or necessity.

Constituent

A member or component of a larger system or political representative body.

Conflicts

Disagreements or disputes between parties with opposing views, interests, or goals.

Agent

An agent is an individual or entity authorized to act on behalf of another (the principal) to create legal relations with a third party.