MrOBKandle Has a Utility Function C₁c₂, Where C₁ Is

question 14

Multiple Choice

Mr.O.B.Kandle has a utility function c₁c₂, where c₁ is his consumption in period 1 and c₂ is his consumption in period 2.He has no income in period 2.If he had an income of $40,000 in period 1 and the interest rate increased from 10 to 12%,

• A)his consumption in both periods would increase.
• B)his savings would increase by 2% and his consumption in period 2 would also increase.
• C)his consumption in both periods would decrease.
• D)his savings would not change but his consumption in period 2 would increase by 400.
• E)his consumption in period 1 would decrease by 12% and his consumption in period 2 would also decrease.

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Definitions:

Third-Sex People

Individuals who do not conform to traditional male or female gender roles and may identify beyond the binary classification.

Gender Dysphoria

A psychological condition where a person experiences discomfort or distress because there's a mismatch between their biological sex and gender identity.

Psychiatric Category

A classification or group used in psychiatry to organize mental disorders based on similar symptoms or conditions.

Intersex Society of North America

A non-profit advocacy group that worked to support and promote the rights and health of intersex individuals, focusing on societal awareness and medical ethics.