Suppose the Price of a Pair of Jeans Is $25

question 77

Multiple Choice

Suppose the price of a pair of jeans is $25 and the price of a t-shirt is $15. The consumer's budget is entirely allocated. If the marginal utility from a pair of jeans is 100 units and the marginal utility from a t-shirt is 75 units, the consumer is

• A) not in equilibrium and should purchase more t-shirts and more jeans.
• B) not in equilibrium but should maintain the current level of purchases.
• C) in equilibrium because his or her utility is maximised.
• D) not in equilibrium and should purchase fewer t-shirts and more jeans.
• E) not in equilibrium and should purchase fewer jeans and more t-shirts.

Understand the distinction between acute stress disorder and posttraumatic stress disorder.

Recognize the characteristics and manifestations of dissociative disorders.

Describe cognitive-behavioral therapy approaches to treat stress disorders.

Identify types of traumatic experiences and their psychological impacts.

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