Exhibit 6-11 -If the Good in Exhibit 6-11 Were Free, Then

question 25

Multiple Choice

Exhibit 6-11
-If the good in Exhibit 6-11 were free, then

• A) total utility, consumer surplus, and consumer expenditure would be undefined
• B) total utility and consumer surplus would be positive, but consumer expenditure would be undefined
• C) total utility, consumer surplus, and consumer expenditure would all equal 0
• D) total utility, consumer surplus, and consumer expenditure would all be maximized
• E) total utility and consumer surplus would be valued at $36; consumer expenditure would be 0

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Definitions:

Thyroid Hormone

Hormones produced by the thyroid gland, including triiodothyronine (T3) and thyroxine (T4), which regulate the body's metabolism, energy production, and nervous system development.

Melanocyte-Stimulating Hormone

A hormone involved in the regulation of melanin production in the skin, affecting skin pigmentation.

Skin Pigmentation

The coloring of the skin caused by melanin production, affecting its tone and appearance.

Cortisol

A steroid hormone produced by the adrenal glands, involved in the body's response to stress and regulation of metabolism.