Steven Consumes Staples and Paper Clips

question 56

Multiple Choice

Steven consumes staples and paper clips.He is maximizing his utility in consumption of both goods.The price of paper clips rises.Assuming that diminishing marginal utility applies to both goods,as Steven adjusts to this event,the marginal utility of staples will _____,and the marginal utility of paper clips will _____.

• A)rise;fall
• B)fall;rise
• C)rise;rise
• D)fall;fall

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Definitions:

Facial Feedback Hypothesis

The idea that facial movements and expressions can influence emotional experiences.

Smiling Expressions

Facial expressions that typically denote happiness, friendliness, or amusement, and are universal symbols of positive social interactions.

Cartoons

Visual art forms, often humorous or satirical in nature, that typically consist of animated or static drawings used in print or digital media.

Frowning Expressions

Facial gestures characterized by furrowing the brow, typically indicating disapproval, worry, or concentration.