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:

Insulating

The act of preventing the transfer of heat, electricity, or sound from one material to another.

Removing Waste

Removing waste involves the processes and activities required to manage waste from its inception to its final disposal, including collection, transport, treatment, and disposal.

Neuron

A particular cell involved in the transmission of nerve signals; referred to as a neuron.

Nerve Cell

A specialized cell transmitting nerve impulses; also known as a neuron.