Multiple Choice
Stewie enjoys watching DVDs and listening to his iPod.Suppose his utility function is given by U(D,I) = 3D + 4(D × I) ,where D is the number of hours he spends watching DVDs and I is the number of hours he spends listening to his iPod.Which of the following combinations will provide Stewie with the greatest amount of satisfaction?
A) 4 hours of watching DVDs and 8 hours of listening to his iPod
B) 6 hours of watching DVDs and 6 hours of listening to his iPod
C) 2 hours of watching DVDs and 10 hours of listening to his iPod
D) 8 hours of watching DVDs and 6 hours of listening to his iPod
Correct Answer:
Verified
Correct Answer:
Verified
Q3: When comparing two alternatives X and Y,a
Q4: Refer to Table 4.1.If Mike starts with
Q5: Owen and Simon both like playing with
Q6: Teresa consumes both steak and lobster.Suppose the
Q7: The idea that all potentially available alternatives
Q9: Frieda enjoys cooking and baking.Her utility function
Q10: For any given family of indifference curves,a
Q11: A "bad" would be associated with:<br>A) zero
Q12: When the more-is-better principle holds,we assign higher
Q13: Owen and Simon both like playing with