The Only Quantities of Good 1 That Barbie Can Buy

question 25

Multiple Choice

the only quantities of good 1 that Barbie can buy are 1 unit or zero units.For x₁ equal to zero or 1 and for all positive values of x₂, suppose that Barbie's preferences were represented by the utility function (x₁ + 6) (x₂ + 8) .Then if her income were $20, her reservation price for good 1 would be

• A)$4.50.
• B)$.75.
• C)$8.
• D)$4.
• E)$1.23.

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Definitions:

Discrimination

Actively denies minority members the full benefits of organizational membership.

Denies

The act of rejecting a statement, request, or acknowledgment; refusal.

Organizational Membership

The state or condition of belonging to or being a part of a specific group, company, or institution, usually involving certain rights and responsibilities.

Individual Differences

Variabilities among individuals in behavior, personality, cognitive abilities, and other attributes.