When Stanley Has an Income of $1,000, He Consumes 30

question 558

Multiple Choice

When Stanley has an income of $1,000, he consumes 30 units of good A and 50 units of good B. After Stanley's income increases to $1,500, he consumes 60 units of good A and 45 units of good B. Which of the following statements is correct?

• A)Both goods A and B are normal goods.
• B)Both goods A and B are inferior goods.
• C)Good A is a normal good, and good B is an inferior good.
• D)Good A is an inferior good, and good B is a normal good.

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Definitions:

Performance Goals

Objectives aimed at demonstrating competence or achieving a specific standard of excellence in a task.

Approach Goals

Objectives that focus on achieving a positive outcome or moving towards a desirable object or event.

Performance Goals

Objectives aimed at demonstrating competence or achieving a specific standard of excellence in a task or activity.

Performance Goal

Objectives centered around achieving a specific standard of proficiency on a task, usually within a specified time.