Which of the Following Utility Functions Represent Preferences of a Consumer

question 50

Multiple Choice

Which of the following utility functions represent preferences of a consumer who does not have homothetic preferences?

• A)U(x, y)= xy.
• B)U(x, y)= x + 2y.
• C)U(x, y)= x + y^.5.
• D)U(x, y)= min{x, y}.
• E)More than one of the above.

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Definitions:

Biomedical Therapies

Treatments for psychological disorders that involve medical or physical procedures to alter brain function, such as medication, surgery, or electroconvulsive therapy.

Emotion Therapies

Psychological treatments focusing on helping individuals manage and understand their emotional reactions.

Behavior Therapies

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and other learning techniques.

Unconscious Mind

The part of the mind that is inaccessible to the conscious mind but influences thoughts, feelings, and behaviors.