Jay Has an Income of $10 to Buy Peanuts and Popcorn.The

question 51

Multiple Choice

Jay has an income of $10 to buy peanuts and popcorn.The price of peanuts is $1 a bag and the price of popcorn is $2 a bag.He chooses to consume 5 bags of peanuts and 2 bags of popcorn.What can we say about this consumption choice?

• A)It is not the best affordable choice.He should consume more peanuts,more popcorn,or more of both.
• B)It is the best affordable choice,and his marginal rate of substitution equals the slope of the budget line.
• C)The consumption choice is on the budget line.
• D)The consumption choice is outside the budget line.
• E)both B and C

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Definitions:

Scientific Method

The process of posing and answering questions using careful, controlled techniques that include systematic, orderly observation and the collection of data.

Bioecological Approach

A theoretical model that emphasizes the importance of both biological and environmental factors in the development of human beings, highlighting the dynamic interactions between them.

Bronfenbrenner

A theorist best known for proposing the ecological systems theory, which describes how the social environments from immediate surroundings to broader societal levels influence human development.

Cross-Sectional

A research design that compares different population groups at a single point in time.