The Ratio of the Prices of the Two Goods Is

question 373

Multiple Choice

The ratio of the prices of the two goods is equal to the ratio of the marginal utilities of the two goods at:

• A)the vertical intercept of the budget line.
• B)the optimal consumption bundle.
• C)the horizontal intercept of the budget line.
• D)the intersection of the budget line with the highest indifference curve.

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Definitions:

Eudicots

A major group of flowering plants characterized by having two cotyledons in their seedlings, net-veined leaves, and floral organs typically in multiples of four or five.

Torpedo Stage

A stage in plant embryo development characterized by the elongation of the embryo body, resembling the shape of a torpedo.

Triploid

An organism or cell having three sets of chromosomes, often resulting from the fertilization of an egg by two sperm, or a combination of a diploid and haploid organism.

Polar Nuclei

Two nuclei in the ovule of flowering plants that fuse with one sperm cell during double fertilization to form the triploid endosperm, nourishing the developing embryo.