Samara's Income Is $30 a Month and She Spends All

question 110

Multiple Choice

Samara's income is $30 a month and she spends all of it on music downloads and petrol. The price of a music download is $3 and the price of a litre of petrol is $3. At Samara's best affordable point, her marginal rate of substitution is _______ litre(s) of petrol per music download.

• A) 0.5
• B) 1.5
• C) 1
• D) More information is needed to determine the marginal rate of substitution.

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Definitions:

Emotional Intelligence

The ability to understand and manage your own emotions, as well as recognize and influence the emotions of those around you.

Understand One's Emotions

The capability to identify, assess, and acknowledge one's own emotional state, which is essential for emotional intelligence.

Disruptive Impulses

Behaviours or thoughts that challenge the status quo or disrupt traditional processes in potentially innovative ways.

Vroom-Jago

A decision-making model that emphasizes the importance of leadership styles and situational factors in making effective decisions.