If X₁ is $20 Bills and X₂ is $100 Bills

question 29

Multiple Choice

If x₁ is $20 bills and x₂ is $100 bills, then:

• A)the utility function is x + 5z.
• B)indifference curves have many kinks.
• C)the marginal rate of substitution is 5.
• D)the marginal rate of substitution is 1/5.

Understand the problem of confounding variables in interpreting research findings.

Identify the importance of operationalizing variables in research.

Recognize the ethical considerations in psychological research.

Understand the importance of representative sampling in research generalizability.

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