The MU/P Ratio for Good X Is Greater Than the MU/P

question 165

Multiple Choice

The MU/P ratio for good X is greater than the MU/P ratio for good Y. To achieve consumer equilibrium, the consumer reallocates dollars from the purchase of good Y to the purchase of good X. If the law of diminishing marginal utility holds, the marginal utility of good X __________ and the marginal utility of good Y __________.

• A)falls, rises
• B)rises, falls
• C)rises, stays constant
• D)falls, stays constant
• E)stays constant, rises

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Definitions:

Generalization Gradients

A depiction of the gradual decrease in the conditioned response as the conditioned stimulus becomes more dissimilar to the original conditioned stimulus.

Variety of Stimuli

A range of external factors or inputs that can provoke different sensory, cognitive, or emotional responses.

Limited Number

Refers to a fixed or restricted quantity, often used in contexts where availability or capacity is constrained.

Discriminative Operant

A behavior that is more likely to be performed in the presence of a specific stimulus because the behavior has been reinforced in the presence of that stimulus in the past.