Refer to the Following Graph

question 52

Multiple Choice

Refer to the following graph:
The price of X is $20 and the price of Y is $40.

-At point B,

• A) if the consumer obtains one more unit of Y, ½ unit of X must be foregone in order to keep utility unchanged.
• B) if the consumer obtains one more unit of X, two units of Y must be foregone in order to keep utility unchanged.
• C) the marginal rate of substitution is ½.
• D) both a and c
• E) all of the above

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Definitions:

Autonomy

The right or condition of self-government, or in personal development, the capacity to make an informed, uncoerced decision.

Shame and Doubt

A stage in Erikson's psychosocial development theory where toddlers learn to exert their will and develop a sense of autonomy, or experience doubt about their abilities.

Self-Recognition

The ability to recognize oneself as an individual, separate from others, often tested through mirror self-recognition tasks.

Kübler-Ross

Refers to the Kübler-Ross model, also known as the five stages of grief, which outlines the progression of emotions experienced by terminally ill patients or by people who have lost a loved one.