Use the Following to Answer Questions

question 180

Multiple Choice

Use the following to answer questions:
Figure: Kristin's Budget Line
-(Figure: Kristin's Budget Line) Look at the figure Kristin's Budget Line. The price of a cup of cappuccino is $3, and the price of an apple is $1. Suppose Kristin initially consumes 10 cups of cappuccino and 30 apples. Then, the price of apples increases to $3 each and the price of cappuccino remains unchanged. As a result of the price change, Kristin's optimal consumption bundle changes, reflected by a decrease in the consumption of both apples and cappuccinos. If Kristin is to maintain the same level of utility as before the price change, she must:

• A) increase her income.
• B) decrease her income.
• C) keep her income the same, since only one good's price changed.
• D) increase her income by $2.

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Definitions:

Anxiety And Pain

A combined state where an individual experiences unease or nervousness typically about an imminent event or something with an uncertain outcome, alongside discomfort or suffering.

Evidence-Based Practice

A decision-making process that integrates the best available research evidence with clinical expertise and patient values.

Patient Values

The preferences, beliefs, and priorities of a patient that guide their healthcare decisions and goals.

Outcomes

Outcomes refer to the possible results or effects of interventions, treatments, or actions in healthcare or other fields.