Abduls Utility Is U(X A, Y A)= Min{X A, Y

question 52

Multiple Choice

Abduls utility is U(X A, Y A) = min{X A, Y A}, where X A and Y A are his consumptions of goods X and Y respectively.Babettes utility function is U(X B, Y B) = X B Y B, where X B and Y B are her consumptions of goods X and Y.Abduls initial endowment is no units of Y and 5 units of X.Babettes initial endowment is no units of X and 11 units of Y.If X is the numeraire good and p is the price of good Y, then supply will equal demand in the market for Y if

• A)11/(p + 1)+ 2.50 = 11.
• B)5/(p + 1)+ 5.50 = 11.
• C)11/5 = p.
• D)min{5, 11} + 5/2p = 11.
• E)min{5, 11} + 11/2p = 11.

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Definitions:

Cranial

Pertaining to the skull or cranium, often used to describe the direction towards the head.

Caudal

means towards the tail or posterior part of the body, opposite of cranial, which points towards the head.

Embryonic Development

Embryonic Development refers to the process in which an embryo forms and develops, leading to significant morphological changes from fertilization to the fetal stage.

Intramembranous Ossification

A process of bone development in which bones form directly from mesenchymal tissue without first being cartilage.