With the Cobb-Douglas Utility Function $U ( x , y ) = \sqrt { x y }$

question 12

Multiple Choice

With the Cobb-Douglas utility function $U ( x , y ) = \sqrt { x y }$ ,x and y are

• A)net and gross substitutes.
• B)net substitutes and gross complements.
• C)net substitutes and neither gross substitutes or complements.
• D)net and gross complements.

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Definitions:

Tay-Sachs Disease

A genetic disorder characterized by the absence of a specific enzyme, resulting in the accumulation of fats in nerve cells, leading to death in early childhood.

Hemophilia A

A genetic disorder caused by missing or defective Factor VIII, a clotting protein, leading to prolonged bleeding after injury.

Hemoglobin Molecules

Oxygen-carrying proteins located in red blood cells, consisting of four subunits, each containing an iron atom that binds oxygen, allowing blood to transport oxygen throughout the body.

Polyploidy

The condition of having more than two complete sets of chromosomes in an organism, common in plants and some animal species.