Suppose Sam, a Typical Citizen, Has the Utility Function U(m

question 22

Multiple Choice

suppose Sam, a typical citizen, has the utility function U(m, d, h) = m + 13d² - d² - 6h, where d is the number of hours per day that he spends driving around, h is the average number of hours per day spent driving around by other people in his home town, and m is the amount of money he has left to spend on other stuff besides gasoline and auto repairs.Gas and auto repairs cost $1 per hour of driving.If each citizen believes that their own driving will not affect the amount of driving done by others, they will all drive D₁ hours per day.If all citizens drive to maximize the utility of a typical citizen, they will all drive D₂ hours per day, where

• A)D₁ = 8 and D₂ = 4.
• B)D₁ = 6 and D₂ = 3.
• C)D₁ = D₂ = 6.
• D)D₁ = 9 and D₂ = 0.
• E)D₁ = 6 and D₂ = 1.

---

Definitions:

Category

A category is a class or division of people or things regarded as having particular shared characteristics.

Symbolic Representation

The use of symbols, such as words or images, to represent ideas, objects, or actions.

Analogical

Pertaining to the use of analogy or similarity between two things for the purpose of explanation or clarification.

Analogical Representation

A way of representing information that captures the similarities between new and familiar concepts or objects, facilitating understanding and problem-solving.