Lolita's Utility Function Is U(x, Y)=x - X²/2 + Y

question 9

Multiple Choice

Lolita's utility function is U(x, y) =x - x²/2 + y, where x is her consumption of cow feed and y is her consumption of hay.If the price of cow feed is $.30, the price of hay is $1, and her income is $2 and if Lolita chooses the combination of hay and cow feed that she likes best from among those combinations she can afford, her utility will be

• A)2.24.
• B)1.70.
• C)0.24.
• D)3.24.
• E)1.24.

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Definitions:

Functional Subcultures

describe groups within an organization that share specific values, beliefs, and behaviors related to their particular functions or roles, which can influence the overall culture of the organization.

Gender Subcultures

Distinct cultural groups formed based on gender identities and roles that influence behaviors, beliefs, and social interactions within a society.

Occupational Subcultures

Distinct cultural groups within a larger organization that develop unique norms, values, and practices based on their specific roles or professions.

Operating a Business

The day-to-day activities involved in managing a company or enterprise, including production, marketing, and financial management.