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

question 19

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 $.10, 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)0.40.
• B)3.40.
• C)2.40.
• D)1.90.
• E)1.40.

---

Definitions:

White-Collar Crime

Financially motivated, nonviolent crime committed by business and government professionals.

Corporate Crime

Illegal acts committed by a company or individuals acting on its behalf, typically to increase profits.

Prosecuting

The act of bringing a legal action against someone, typically in a court of law, for the purpose of seeking justice for a crime or offence.

Labeling Theory

A theory that interprets the responses of others as most significant in understanding deviant behavior.