Daisy Received a Tape Recorder as a Birthday Gift and Is

question 55

Multiple Choice

Daisy received a tape recorder as a birthday gift and is not able to return it.Her utility function is U(x, y, z) = x + z^1/2 f(y) , where z is the number of tapes she buys, y is the number of tape recorders she has, and x is the amount of money she has left to spend.f(y) = 0 if y < 1 and f(y) = 8 if y is 1 or greater.The price of tapes is $1 and she can easily afford to buy dozens of tapes.How many tapes will she buy?

• A)18
• B)14
• C)16
• D)20
• E)We need to know the price of tape recorders to solve this problem.

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Definitions:

Low-Context Culture

Culture in which people derive much information from the words of a message and less information from nonverbal and environmental cues.

High-Context Culture

Culture in which people derive much information from nonverbal and environmental cues.

Stereotyping

The act of attributing specific characteristics or behaviors to individuals based solely on their membership in a particular group.

Prejudice

Preconceived opinions or judgments about individuals or groups that are typically negative and formed without factual basis.