Charlie's Utility Function Is X_Ax_B

question 30

Multiple Choice

Charlie's utility function is x_Ax_B.The price of apples used to be $1 per unit and the price of bananas was $2 per unit.His income was $40 per day.If the price of apples increased to $2.25 and the price of bananas fell to $1.25, then in order to be able to just afford his old bundle, Charlie would have to have a daily income of

• A)$57.50.
• B)$116.
• C)$28.75.
• D)$86.25.
• E)$230.

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Definitions:

Archetypal Themes

Universal, symbolic patterns that recur in myths, stories, and dreams, signifying common human experiences.

Ego Identity

Erikson's concept of a strong sense of self achieved through the resolution of crises at various developmental stages.

Diverse Clients

Refers to a broad spectrum of clients from different backgrounds, cultures, ethnicities, and personal experiences in a therapeutic setting.

Strengths

The inherent capabilities, skills, and positive attributes that an individual or group possesses, which can be leveraged for personal growth or achieving goals.