At the Optimal Consumption Bundle

question 69

Multiple Choice

At the optimal consumption bundle:

• A)the marginal utility of all goods consumed is equal.
• B)the marginal utility per dollar spent is equalized across all goods consumed.
• C)the price of all goods consumed is equal.
• D)total utility from all goods consumed is equal.

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Definitions:

Quasi-Experimental Design

A research strategy that attempts to estimate the causal impact of an intervention without random assignment to treatment or control groups.

Experimental Method

A study in which a researcher manipulates a variable, referred to as the independent variable, measures possible effects on another variable, referred to as the dependent variable, and tries to hold all other variables constant.

Stereotype Threat

A situational predicament in which people are or feel themselves to be at risk of conforming to stereotypes about their social group.

Stigmatized Groups

Social groups that are subjected to discrimination, prejudice, and negative stereotyping based on perceived differences from the majority.