Astrid's Utility Function Is U(H_A, C_A)= H_AC_A

question 16

Multiple Choice

Astrid's utility function is U(H_A, C_A) = H_AC_A.Birger's utility function is min{H_B, C_B}.If Astrid's initial endowment is no cheese and 8 units of herring and if Birger's initial endowments are 7 units of cheese and no herring, then where p is a competitive equilibrium price of herring and cheese is the numeraire, demand equals supply in the herring market.This implies that

• A)7/p + 8 / 2p = 8.
• B)7/(p + 1)+ 4 = 8.
• C)8/7 = p.
• D)7/8 = p.
• E)min{8, 7} = p.

Understand the relationship between attitudes and behaviors, including the impact of attitude specificity, social constraints, and job satisfaction.

Comprehend the methods and measures of attitude components including self-report questionnaires and physiological indicators.

Relate the principles of attitude change and management to organizational behavior and ethical decision making.

Identify factors influencing job satisfaction and their impact on work performance and organizational outcomes.

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuer, which is the amount paid to the holder at maturity for bonds, or the nominal value of a share.

Semiannual Coupon Bond

A type of bond that pays interest to its holder twice a year at regular intervals.

Market Interest

Refers to the general level of interest rates in the market at any given time, affecting how much it costs to borrow money or the returns on investments.

Substitute Good

A product or service that consumers can use in place of another product or service, often when prices rise or the original becomes unavailable.