Dudley, Has a Utility Function U(C, R)= C - (12

question 12

Multiple Choice

Dudley, has a utility function U(C, R) = C - (12 - R) ², where R is leisure and C is consumption per day.He has 16 hours per day to divide between work and leisure.If Dudley has a nonlabor income of $30 per day and is paid a wage of $4 per hour, how many hours of leisure will he choose per day?

• A)9
• B)7
• C)8
• D)11
• E)10

---

Definitions:

Hyperpolarization

An increase in a cell's membrane potential, making it more negative and less likely to fire an action potential.

Neurotransmitter Release

The process by which neurons release chemical messengers into the synaptic cleft, allowing them to communicate with adjacent cells.

Decrease

Decrease refers to a reduction in quantity, size, intensity, or the level of something.

Bipolar Cells

A type of neuron found in the retina, acting as an intermediary between photoreceptors and ganglion cells, transmitting visual information.