For the Utility Function U =3x5y and Income Constraint I

question 36

Multiple Choice

For the utility function U =3x5y and income constraint I =3x + 5y,the utility maximizing consumer will choose to consume:

• A)all x.
• B)all y.
• C)one half of their income in good x and one half of their income in good y.
• D)unknown because there is no unique utility maximizing combination of x and y.

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Definitions:

Metal Glaze

A type of thick film resistor material that combines glass and metal particles to create a resistor with a high temperature coefficient and stability.

Ceramic Base

A non-conducting, heat-resistant base used in electronic components and devices, made from ceramic materials.

Thick Film

A technology used in the manufacture of electronic devices and circuits, where materials are deposited in thin layers on a substrate to create components with specific electrical properties.

Electrical Schematics

Diagrams that represent the components and connections in an electrical circuit, using standardized symbols to facilitate understanding and troubleshooting.