Joshua Consumes Only Apples and Bread and Is in Consumer

question 359

Multiple Choice

Joshua consumes only apples and bread and is in consumer equilibrium. Joshua reads that eating bread is healthy, so his total utility from each loaf of bread increases. At his new consumer equilibrium Joshua would consume

• A) more apples and less bread.
• B) fewer apples and more bread.
• C) some combination of apples and bread corresponding to a lower ratio of the marginal utility of bread to the marginal utility of apples.
• D) the same quantity of apples and the same quantity of bread.

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Definitions:

Inferring Environment

A process of deducing the natural conditions and surroundings of a specific area based on present and historical data.

Metamorphosed

Describes rock that has undergone transformation in structure or composition due to heat and pressure.

Interpret Relative Ages

The process of determining the chronological order of geological events or rock layers without necessarily determining their absolute age.

Crosscuts

Geological features that intersect other features, often used in the context of veins or faults cutting across different layers of rock.