Kitty's utility function for BMWs and money is given by 16,000x + y, where x is the number of BMWs she has and y is the amount of money she has.Her income is $23,000.Her reservation price for one BMW is
A)$16,000 - y.
B)$16,000 - p.
C)$16,000.
D)$7,000.
E)$39,000.

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The Answer of Kitty's utility function for BMWs and money is given by 16,000x + y, where x is the number of BMWs she has and y is the amount of money she has.Her income is $23,000.Her reservation price for one BMW is
A)$16,000 - y.
B)$16,000 - p.
C)$16,000.
D)$7,000.
E)$39,000.

Kitty's Utility Function for BMWs and Money Is Given by 16,000x