At Any Point on an Indifference Curve for an Individual

question 160

Multiple Choice

At any point on an indifference curve for an individual consuming two goods, A and B, with A on the vertical axis and B on the horizontal axis, the slope is equal to

• A)MU_A/MU_B.
• B)MU_B/MU_A.
• C)-MU_A/MU_B.
• D)-MU_B/MU_A.
• E)-P_B/P_A.

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Definitions:

Habituation

A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it.

Acquisition Behavior

A behavioral psychology term referring to the process of learning new behaviors, often through conditioning.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response which is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Ivan Pavlov

A Russian physiologist known for his research on classical conditioning, demonstrating how organisms can learn to associate neutral stimuli with reflexive responses.