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

Question 14

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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