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Daisy Received a Tape Recorder as a Birthday Gift and Is

Question 55

Multiple Choice

Daisy received a tape recorder as a birthday gift and is not able to return it. Her utility function is U(x, y, z) = x + z Daisy received a tape recorder as a birthday gift and is not able to return it. Her utility function is U(x, y, z) = x + z <sup> </sup> <sup> </sup>f(y) , where z is the number of tapes she buys, y is the number of tape recorders she has, and x is the amount of money she has left to spend. f(y) = 0 if y < 1 and f(y) = 24 if y is 1 or greater. The price of tapes is $4 and she can easily afford to buy dozens of tapes. How many tapes will she buy? A) 9 B) 11 C) 7 D) 13 E) We need to know the price of tape recorders to solve this problem. f(y) , where z is the number of tapes she buys, y is the number of tape recorders she has, and x is the amount of money she has left to spend. f(y) = 0 if y < 1 and f(y) = 24 if y is 1 or greater. The price of tapes is $4 and she can easily afford to buy dozens of tapes. How many tapes will she buy?


A) 9
B) 11
C) 7
D) 13
E) We need to know the price of tape recorders to solve this problem.

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