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(Figure: Prune Juice and Apple Juice I) Refer to Figure 5.8, depicting the consumer's indifference curves and budget constraints. Suppose the consumer has $20 of income to spend on apple juice and prune juice. Which of the following statement(s) is (are) TRUE? I. At $2 per quart, the consumer buys 3 quarts of apple juice.
II) At $4 per quart, the consumer buys 3 quarts of apple juice.
III) At $1.33 per quart, the consumer buys 6 quarts of apple juice.
IV) At $0.75 per quart, the consumer buys 6 quarts of apple juice.
Stronger Your Needs
Intensifying the personal requirements or drives that motivate individuals to act in certain ways.
Less Motivated
Describes a decreased level of drive or interest in performing tasks or pursuing goals, compared to a higher level of motivation.
Self-Actualization
The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.
Needs Hierarchy
A theory by Abraham Maslow that suggests human needs are arranged in a hierarchy from most to least pressing, influencing motivation and behavior.
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