Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the utility function U(c,f) = 5c + 10f. What is the marginal utility of cosmetic surgery?
A) MU = 5.
B) MU = 10.
C) MU = 15.
D) None of the above.
Question 2
Clifford lives by the motto Eat drink and be merry today, for tomorrow doesn't matter. If today's consumption is represented by x and tomorrow's consumption is represented by y, then which of the following best represents Clifford's utility function?
A) U = x - y
B) U = x/y
C) U = x
D) U = y
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This image captures a protest of people who want the privilege of “naming” themselves.
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