Lolita, the Holstein Cow, Has a Utility Function Is U(x

question 42

Multiple Choice

Lolita, the Holstein cow, has a 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 $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)4.25.
• B)3.70.
• C)0.25.
• D)6.25.
• E)2.25.

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Definitions:

Regenerate

The ability of organisms or cells to renew, restore, or grow back parts that have been lost or damaged, essential for healing and recovery.

Lysosomes

Membrane-bound organelles containing enzymes that break down and recycle cellular waste and foreign particles.

Cell Wastes

Byproducts of cellular metabolism that cells eliminate; these can include carbon dioxide, urea, and other substances harmful if accumulated.

Golgi Bodies

Cell organelles that modify, package, and sort proteins and lipids for secretion or for use within the cell.