Suppose Utility Is Given by U(x,y)= Ln X + Ln

question 9

Multiple Choice

Suppose utility is given by U(x,y) = ln x + ln y and p_x = 1,I = 10.If y must be purchased in whole units,what is the maximum price this person would pay for that good?

• A)1.
• B)5.
• C)10.
• D)20.

---

Definitions:

Sleep Disorder

A condition that frequently impacts a person's ability to get enough quality sleep, often leading to functional impairment throughout the day.

REM Rebound

Increased amounts of REM sleep after being deprived of REM sleep on earlier nights.

Night Terrors

Relatively rare disorder in which the person experiences extreme fear and screams or runs around during deep sleep without waking fully.

Heroin Addiction

A severe substance use disorder characterized by the compulsive use of heroin, leading to significant health, social, and economic consequences.