Suppose That Morris Has the Utility Function U(b, W)= 4b

question 18

Multiple Choice

suppose that Morris has the utility function U(b, w) = 4b + 12w and Philip has the utility function U(b, w) = bw.If we draw an Edgeworth box with books on the horizontal axis and wine on the vertical axis and if we measure Morris's consumptions from the lower left corner of the box, then the contract curve contains

• A)a straight line running from the upper right corner of the box to the lower left.
• B)a curve that gets steeper as you move from left to right.
• C)a straight line with slope 1/3 passing through the lower left corner of the box.
• D)a straight line with slope 1/3 passing through the upper right corner of the box.
• E)a curve that gets flatter as you move from left to right.

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Definitions:

Orthostatic Hypotension

A form of low blood pressure that occurs when standing up from sitting or lying down, leading to dizziness or fainting.

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Baroreceptor Function

The role of special sensors (baroreceptors) located in blood vessels that help regulate blood pressure by detecting pressure changes.

Tingling

A sensation of prickling, stinging, or numbness, often indicating the beginning of nerve recovery or damage.