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

question 22

Multiple Choice

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 $10, and Casper's income is $260, how many units of cocoa will he consume?

• A)12
• B)15
• C)29
• D)14
• E)30

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Definitions:

Same-Sex Couples

Romantic partnerships between two individuals of the same sex, whether married or in a committed relationship.

Heterosexual Couples

Heterosexual couples are partnerships between individuals of the opposite sex, traditionally involving romantic or sexual relationships.

Increase

A rise in the quantity, size, or extent of something.

Decrease

A reduction in size, quantity, quality, or intensity.