Let W Be the Number of Whips and J the Number

question 23

Multiple Choice

Let w be the number of whips and j the number of leather jackets.If Kinko's utility function is U(x, y) = min{7w, 4w + 12j}, then if the price of whips is $20 and the price of leather jackets is $40, Kinko will demand

• A)4 times as many whips as leather jackets.
• B)6 times as many whips as leather jackets.
• C)3 times as many whips as leather jackets.
• D)5 times as many leather jackets as whips.
• E)only leather jackets.

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Definitions:

Actual Malice

In defamation, either a person’s knowledge that his or her statement or published material is false or the person’s reckless disregard for whether it was false.

Defamation

Defamation is the act of making false statements about another person that cause harm to their reputation.

Actual Malice

A standard of proof in defamation law that requires the plaintiff to show that the defendant knowingly published false information or did so with reckless disregard for the truth.

Defamation

A false communication expressed through speech, writing, or any other form that injures a person’s reputation.