Betsy's Utility Function for BMWs and Money Is Given by 24,000x

question 5

Multiple Choice

Betsy's utility function for BMWs and money is given by 24,000x + y, where x is the number of BMWs she has and y is the amount of money she has.Her income is $32,000.Her reservation price for one BMW is

• A)$24,000.
• B)$24,000 - p.
• C)$24,000 - y.
• D)$8,000.
• E)$56,000.

---

Definitions:

LastName Field

A specific field in a database designated for storing the surname part of a person's name.

Short Text

A data type used in databases for fields that contain text or combinations of text and numbers, typically limited in length.

Database Accuracy

The extent to which data in a database is correct, up-to-date, and free of errors.

Field Properties

Attributes or characteristics that define and restrict data input, display, or value in a database field.