Donald Consumes Goods X and Y

question 2

Multiple Choice

Donald consumes goods x and y.His utility function is U(x, y) =xy³.He is endowed with 10 units of x and 15 units of y.The price of x is $1 and the price of y is $2.Find his net demand for x.

• A)15
• B)0
• C)12
• D)-3
• E)20

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Definitions:

Schedule of Reinforcement

A rule or plan that dictates how often a behavior is reinforced, playing a crucial role in the learning process.

Rubbing

A physical behavior involving repeated application of pressure or friction onto the surface of an object or body part, often for sensory feedback or relief.

Sticks

Typically refers to long, slender pieces of wood, but in educational or behavioral contexts, might be part of a reward or motivational system.

Positive Reinforcement

A technique used to encourage desired behaviors by offering rewards or positive outcomes when those behaviors are exhibited.