MsQuasimodo Has the Utility Function U(x, M)= 100x -

question 25

Multiple Choice

Ms.Quasimodo has the utility function U(x, m) = 100x - x²/2 + m, where x is her consumption of earplugs and m is money left over to spend on other stuff.If she has $10,000 to spend on earplugs and other stuff and if the price of earplugs rises from $50 to $85, then her net consumer's surplus

• A)falls by 1,137.50.
• B)falls by 3,137.50.
• C)falls by 525.
• D)increases by 568.75.
• E)increases by 2,275.

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Definitions:

Appreciative Inquiry

A collaborative and strength-based approach to organizational change which focuses on exploring and amplifying the positive aspects.

Discovery

The act of finding something not previously known or recognized, often leading to new knowledge or insights.

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A series of thoughts, images, or sensations occurring in a person's mind during sleep.

Client-Consultant Relationship

The dynamics and interactions between a consultant and a client organization, focusing on the mutual exchange of information and value.