Mika's Marginal Rate of Substitution of Apples (A) for Oranges

question 37

Multiple Choice

Mika's marginal rate of substitution of apples (A) for oranges (O) is 5 (MRS_AO = 5) . This information implies that:

• A) Mika is willing to trade away five apples for one more orange, holding her utility constant.
• B) Mika will move to a higher indifference curve if she trades away five apples for one more orange.
• C) Mika should own five times as many apples as oranges.
• D) the slope of the indifference curve is five and thus upward sloping.

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Definitions:

Dementias

A group of cognitive disorders characterized by memory loss, impaired reasoning, and personality changes, impacting daily functioning.

Proactive Interference

A phenomenon that occurs when information that has previously been remembered interferes with memory for new information.

Response Inhibition

The cognitive process involved in the ability to suppress actions or behaviors that are inappropriate or no longer required in a given context.

Dementia-Like Symptoms

Signs and conditions that resemble those of dementia, such as memory loss, cognitive decline, and difficulty with daily tasks, but may not be caused by dementia itself.