Desiree's Utility Function for BMWs and Money Is Given by 9,000x

question 10

Multiple Choice

Desiree's utility function for BMWs and money is given by 9,000x + y, where x is the number of BMWs she has and y is the amount of money she has.Her income is $22,000.Her reservation price for one BMW is

• A)$9,000 - p.
• B)$9,000.
• C)$13,000.
• D)$9,000 - y.
• E)$31,000.

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