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.
Correct Answer:

Verified
Correct Answer:
Verified
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