If John Consumes Only Two Goods,A and B,and He Is

question 47

Multiple Choice

If John consumes only two goods,A and B,and he is maximizing his utility subject to his budget constraint,

• A)MUA/MUB is at a maximum.
• B)MUA/MUB equals the ratio of the total utility of A to the total utility of B.
• C)MUA/MUB equals 1.
• D)MUA/MUB equals zero.
• E)MUA/MUB equals the ratio of the price of A to the price of B.

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Definitions:

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought.

Chemistry

A branch of physical science concerned with the composition, structure, properties, and changes of matter.

Neo-psychoanalysts

Neo-psychoanalysts are theorists who extended Freudian psychoanalysis to include social and cultural factors in personality and psychological development.

Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing observable behaviors over internal states.