Jan's Utility Function Is C - H², Where C Is

question 6

Multiple Choice

Jan's utility function is C - H², where C is consumption and H is hours worked per day.She can work in the city for 8 hours per day, earning $100 a day.Alternatively, she can rent a small farm from Mr.Porksniffer.If she rents the farm, she can work as many hours a day as she wishes.If she works H hours per day, she can sell her crops for a total of $20H per day, but she must pay Mr.Porksniffer an annual rent of $R.Mr.Porksniffer wants to charge the highest rent $R that he can and still be able to have Jan rent from him.What is the highest rent he can charge? A penny less than

• A)$100 per day.
• B)$64 per day.
• C)$60 per day.
• D)$50 per day.
• E)$36 per day.

---

Definitions:

Orbital

A region in an atom where there is a high probability of finding electrons.

Increasing pKa

This refers to the process or trend of increasing the acidity constant (pKa), indicating a decrease in acid strength.

Resonance Structures

Different Lewis structures for the same molecule that depict different possible arrangements of electrons.

AntiAromatic

Refers to organic compounds that are cyclic, conjugated, contain a planar ring system, but do not follow Huckel's rule, resulting in increased instability.