Cindy's Utility Function for BMWs and Money Is Given by 19,000x

Multiple Choice

Cindy's utility function for BMWs and money is given by 19,000x + y, where x is the number of BMWs she has and y is the amount of money she has.Her income is $24,000.Her reservation price for one BMW is

A) $19,000.
B) $19,000 - y.
C) $5,000.
D) $19,000 - p.
E) $43,000.