Suppose Harry, a Typical Citizen, Has the Utility Function U(m

question 7

Multiple Choice

suppose Harry, a typical citizen, has the utility function U(m, d, h) = m + 7d² - d² - 2h, where d is the number of hours per day that he spends driving around, h is the average number of hours per day spent driving around by other people in his home town, and m is the amount of money he has left to spend on other stuff besides gasoline and auto repairs.Gas and auto repairs cost $1 per hour of driving.If each citizen believes that their own driving will not affect the amount of driving done by others, they will all drive D₁ hours per day.If all citizens drive to maximize the utility of a typical citizen, they will all drive D₂ hours per day, where

• A)D₁ = 6 and D₂ = 1.
• B)D₁ = 5 and D₂ = 3.
• C)D₁ = D₂ = 3.
• D)D₁ = 3 and D₂ = 2.
• E)D₁ = 3 and D₂ = 0.

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Definitions:

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The complete set of genetic material, including all of the genes and their sequencing information, present in an organism or a cell.

Speciation

The process by which new distinct species evolve from a single ancestral species through geographic, ecological, or behavioral isolation and subsequent genetic divergence.

Defensive Chemicals

Substances produced by plants or animals to deter predators and protect against herbivores or pathogens.

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Sources of nourishment that provide organisms with the necessary energy and materials for growth, development, and maintenance.