Lucy's Utility Function Is 2X_L + G and Melvin's Utility

question 6

Multiple Choice

Lucy's utility function is 2X_L + G and Melvin's utility function is X_MG, where G is their expenditures on the public goods they share in their apartment and where X_L and X_M are their respective private consumption expenditures.The total amount they have to spend on private goods and public goods is $28,000.They agree on a Pareto optimal pattern of expenditures in which the amount that is spent on Lucy's private consumption is $10,000.How much do they spent on public goods?

• A)$12,000
• B)$3,000
• C)$6,000
• D)$8,050
• E)There is not enough information here to be able to determine the answer.

---

Definitions:

Child's Behavior

The actions or reactions of a child in response to external or internal stimuli.

Person-Centered Therapy

A form of psychotherapy developed by Carl Rogers that emphasizes the importance of being in a conducive environment that provides congruence, unconditional positive regard, and empathic understanding to help individuals realize their true self.

Positive Self-Regard

Positive self-regard is the condition of holding oneself in high esteem and acknowledging one's own worth and capabilities in a healthy manner.

Conditional Positive Regard

A situation where acceptance and love are provided only when an individual behaves in a manner that is approved by others, leading to conditions of worth.