Dudley, Has a Utility Function U(C, R)= C -

question 6

Multiple Choice

Dudley, has a utility function U(C, R) = C - (12 - R) ², where R is leisure and C is consumption per day.He has 16 hours per day to divide between work and leisure.If Dudley has a nonlabor income of $35 per day and is paid a wage of $0 per hour, how many hours of leisure will he choose per day?

• A)11
• B)9
• C)10
• D)13
• E)12

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Definitions:

Inductive Loads

Electrical components or devices, such as motors or transformers, that primarily use magnetic fields to function, causing a phase shift between the voltage and current.

Delta

A method of electrical connection in which each side of a load is connected to a vertex of a triangle-like configuration, with power supplied at each vertex.

Wye

An electrical configuration where three components are connected at a single common point, forming a Y shape.

True Power

The actual power consumed by a device in an electrical circuit, measured in watts (W), and calculated as the product of voltage, current, and the cosine of the phase angle between them.