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

question 26

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 $.60, the price of hay is $1, and her income is $4 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)4.08.
• B)3.40.
• C)0.08.
• D)6.08.
• E)2.08.

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Definitions:

Authoritative Parents

A parenting style characterized by high responsiveness and high demands, where parents set clear standards and are assertive without being intrusive or restrictive.

Authoritarian Parents

A parenting style characterized by high demands and low responsiveness, where parents impose strict rules and expect obedience without question.

Permissive

A parenting style characterized by low demands with high responsiveness, where parents are lenient and minimally controlling but highly communicative.

Parenting Style

The manner in which parents raise their children, characterized by combinations of responsiveness and demandingness.