Exam 4: Choice-Part B

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Ambrose's utility function is = 4x^1/2₁ + x₂.If the price of nuts (good 1)is $1, the price of berries (good 2)is $6, and his income is $198, how many units of berries will Ambrose choose?

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Question 1

Correct Answer:

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Clara's utility function is U(X, Y)= (X + 2)(Y + 1).If Clara's marginal rate of substitution is -2 and she is consuming 10 units of good X, how many units of good Y is she consuming?

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Question 2

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Ambrose's utility is U(x₁, x₂)= =4x^1/2₁ + x₂.If the price of nuts (good 1)is $1, the price of berries (good 2)is $7, and his income is $238, how many units of nuts will Ambrose choose?

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(Multiple Choice)

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Question 3

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Clara's utility function is U(X, Y)= (X + 2)(Y + 1).If Clara's marginal rate of substitution is -5 and she is consuming 15 units of good X, how many units of good Y is she consuming?

(Multiple Choice)

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Question 4

Clara's utility function is U(X, Y)=(X + 2)(Y + 1).If Clara's marginal rate of substitution is -6 and she is consuming 8 units of good X, how many units of good Y is she consuming?

(Multiple Choice)

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Question 5

Charlie has a utility function U(x_A, x_B)=x_Ax_B, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $160, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

(Multiple Choice)

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Question 6

Ambrose's utility is U(x₁, x₂)== 4x^1/2₁ + x₂.If the price of nuts (good 1)is $1, the price of berries (good 2)is $4, and his income is $132, how many units of nuts will Ambrose choose?

(Multiple Choice)

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Question 7

Charlie's utility function is U(x_A, x_B)=x_Ax_B.If Charlie's income were $40, the price of apples were $5, and the price of bananas were $8, how many apples would there be in the best bundle that Charlie could afford?

(Multiple Choice)

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Question 8

Elmer's utility function is U(x, y)= min{x, y²}.If the price of x is $15, the price of y is $20, and Elmer chooses to consume 7 units of y, what must Elmer's income be?

(Multiple Choice)

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Question 9

Elmer's utility function is U(x, y)= min{x, y²}.If the price of x is $15, the price of y is $30, and Elmer chooses to consume 2 units of y, what must Elmer's income be?

(Multiple Choice)

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Question 10

Charlie has a utility function U(x_A, x_B)=x_Ax_B, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $320, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

(Multiple Choice)

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Question 11

Clara's utility function is U(X, Y)= (X + 2)(Y + 1).If Clara's marginal rate of substitution is -4 and she is consuming 10 units of good X, how many units of good Y is she consuming?

(Multiple Choice)

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Question 12

Clara's utility function is U(X, Y)=(X + 2)(Y + 1).If Clara's marginal rate of substitution is -6 and she is consuming 8 units of good X, how many units of good Y is she consuming?

(Multiple Choice)

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Question 13

Charlie has a utility function U(x_A, x_B)=x_Ax_B, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $400, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

(Multiple Choice)

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Question 14

Elmer's utility function is U(x, y)= min{x, y²}.If the price of x is $20, the price of y is $20, and Elmer chooses to consume 8 units of y, what must Elmer's income be?

(Multiple Choice)

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Question 15

Elmer's utility function is U(x, y)= min{x, y²}.If the price of x is $25, the price of y is $10, and Elmer chooses to consume 5 units of y, what must Elmer's income be?

(Multiple Choice)

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Question 16

Charlie's utility function is U(x_A, x_B)=x_Ax_B.If Charlie's income were $40, the price of apples were $2, and the price of bananas were $5, how many apples would there be in the best bundle that Charlie could afford?

(Multiple Choice)

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Question 17

Ambrose's utility function is = 4x^1/2₁ + x₂.If the price of nuts (good 1)is $1, the price of berries (good 2)is $9, and his income is $369, how many units of berries will Ambrose choose?

(Multiple Choice)

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(86)

Question 18

Charlie's utility function is U(x_A, x_B)=x_Ax_B.If Charlie's income were $40, the price of apples were $2, and the price of bananas were $3, how many apples would there be in the best bundle that Charlie could afford?

(Multiple Choice)

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Question 19

Charlie has a utility function U(x_A, x_B)=x_Ax_B, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $160, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

(Multiple Choice)

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Question 20

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Exam 4: Choice-Part B

Ambrose's utility function is = 4x1/21 + x2.If the price of nuts (good 1)is $1, the price of berries (good 2)is $6, and his income is $198, how many units of berries will Ambrose choose?

Clara's utility function is U(X, Y)= (X + 2)(Y + 1).If Clara's marginal rate of substitution is -2 and she is consuming 10 units of good X, how many units of good Y is she consuming?

Ambrose's utility is U(x1, x2)= =4x1/21 + x2.If the price of nuts (good 1)is $1, the price of berries (good 2)is $7, and his income is $238, how many units of nuts will Ambrose choose?

Clara's utility function is U(X, Y)= (X + 2)(Y + 1).If Clara's marginal rate of substitution is -5 and she is consuming 15 units of good X, how many units of good Y is she consuming?

Clara's utility function is U(X, Y)=(X + 2)(Y + 1).If Clara's marginal rate of substitution is -6 and she is consuming 8 units of good X, how many units of good Y is she consuming?

Charlie has a utility function U(xA, xB)=xAxB, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $160, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

Ambrose's utility is U(x1, x2)== 4x1/21 + x2.If the price of nuts (good 1)is $1, the price of berries (good 2)is $4, and his income is $132, how many units of nuts will Ambrose choose?

Charlie's utility function is U(xA, xB)=xAxB.If Charlie's income were $40, the price of apples were $5, and the price of bananas were $8, how many apples would there be in the best bundle that Charlie could afford?

Elmer's utility function is U(x, y)= min{x, y2}.If the price of x is $15, the price of y is $20, and Elmer chooses to consume 7 units of y, what must Elmer's income be?

Elmer's utility function is U(x, y)= min{x, y2}.If the price of x is $15, the price of y is $30, and Elmer chooses to consume 2 units of y, what must Elmer's income be?

Charlie has a utility function U(xA, xB)=xAxB, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $320, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

Clara's utility function is U(X, Y)= (X + 2)(Y + 1).If Clara's marginal rate of substitution is -4 and she is consuming 10 units of good X, how many units of good Y is she consuming?

Clara's utility function is U(X, Y)=(X + 2)(Y + 1).If Clara's marginal rate of substitution is -6 and she is consuming 8 units of good X, how many units of good Y is she consuming?

Charlie has a utility function U(xA, xB)=xAxB, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $400, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

Elmer's utility function is U(x, y)= min{x, y2}.If the price of x is $20, the price of y is $20, and Elmer chooses to consume 8 units of y, what must Elmer's income be?

Elmer's utility function is U(x, y)= min{x, y2}.If the price of x is $25, the price of y is $10, and Elmer chooses to consume 5 units of y, what must Elmer's income be?

Charlie's utility function is U(xA, xB)=xAxB.If Charlie's income were $40, the price of apples were $2, and the price of bananas were $5, how many apples would there be in the best bundle that Charlie could afford?

Ambrose's utility function is = 4x1/21 + x2.If the price of nuts (good 1)is $1, the price of berries (good 2)is $9, and his income is $369, how many units of berries will Ambrose choose?

Charlie's utility function is U(xA, xB)=xAxB.If Charlie's income were $40, the price of apples were $2, and the price of bananas were $3, how many apples would there be in the best bundle that Charlie could afford?

Charlie has a utility function U(xA, xB)=xAxB, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $160, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

Budget Constraint-Part A

Budget Constraint-Part B

Preferences-Part A

Preferences-Part B

Utility-Part A

Utility-Part B

Choice-Part A

Demand-Part A

Demand-Part B

Revealed Preference-Part A

Revealed Preference-Part B

Slutsky Equation-Part A

Slutsky Equation-Part B

Buying and Selling-Part A

Buying and Selling-Part B

Intertemporal Choice-Part A

Intertemporal Choice-Part B

Asset Markets-Part A

Asset Markets-Part B

Uncertainty-Part A

Uncertainty-Part B

Risky Assets-Part A

Risky Assets-Part B

Consumers Surplus-Part A

Consumers Surplus-Part B

Market Demand-Part A

Market Demand-Part B

Equilibrium-Part A

Equilibrium-Part B

Auctions-Part A

Auctions-Part B

Technology-Part A

Technology-Part B

Profit Maximization-Part A

Profit Maximization-Part B

Cost Minimization-Part A

Cost Minimization-Part B

Cost Curves-Part A

Cost Curves-Part B

Firm Supply-Part A

Firm Supply-Part B

Industry Supply-Part A

Industry Supply-Part B

Monopoly-Part A

Monopoly-Part B

Monopoly Behavior-Part A

Monopoly Behavior-Part B

Factor Markets-Part A

Factor Markets-Part B

Oligopoly-Part A

Oligopoly-Part B

Game Theory-Part A

Game Theory-Part B

Game Applications-Part A

Game Applications-Part B

Behavioral Economics

Exchange-Part A

Exchange-Part B

Production-Part A

Ambrose's utility function is = 4x^1/2₁ + x₂.If the price of nuts (good 1)is $1, the price of berries (good 2)is $6, and his income is $198, how many units of berries will Ambrose choose?

Ambrose's utility is U(x₁, x₂)= =4x^1/2₁ + x₂.If the price of nuts (good 1)is $1, the price of berries (good 2)is $7, and his income is $238, how many units of nuts will Ambrose choose?

Charlie has a utility function U(x_A, x_B)=x_Ax_B, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $160, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

Ambrose's utility is U(x₁, x₂)== 4x^1/2₁ + x₂.If the price of nuts (good 1)is $1, the price of berries (good 2)is $4, and his income is $132, how many units of nuts will Ambrose choose?

Charlie's utility function is U(x_A, x_B)=x_Ax_B.If Charlie's income were $40, the price of apples were $5, and the price of bananas were $8, how many apples would there be in the best bundle that Charlie could afford?

Elmer's utility function is U(x, y)= min{x, y²}.If the price of x is $15, the price of y is $20, and Elmer chooses to consume 7 units of y, what must Elmer's income be?

Elmer's utility function is U(x, y)= min{x, y²}.If the price of x is $15, the price of y is $30, and Elmer chooses to consume 2 units of y, what must Elmer's income be?

Charlie has a utility function U(x_A, x_B)=x_Ax_B, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $320, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

Charlie has a utility function U(x_A, x_B)=x_Ax_B, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $400, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

Elmer's utility function is U(x, y)= min{x, y²}.If the price of x is $20, the price of y is $20, and Elmer chooses to consume 8 units of y, what must Elmer's income be?

Elmer's utility function is U(x, y)= min{x, y²}.If the price of x is $25, the price of y is $10, and Elmer chooses to consume 5 units of y, what must Elmer's income be?

Charlie's utility function is U(x_A, x_B)=x_Ax_B.If Charlie's income were $40, the price of apples were $2, and the price of bananas were $5, how many apples would there be in the best bundle that Charlie could afford?

Ambrose's utility function is = 4x^1/2₁ + x₂.If the price of nuts (good 1)is $1, the price of berries (good 2)is $9, and his income is $369, how many units of berries will Ambrose choose?

Charlie's utility function is U(x_A, x_B)=x_Ax_B.If Charlie's income were $40, the price of apples were $2, and the price of bananas were $3, how many apples would there be in the best bundle that Charlie could afford?

Charlie has a utility function U(x_A, x_B)=x_Ax_B, the price of apples is $1, and the price of bananas is $2.If Charlie's income were $160, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?