Answer the Question Based on the Table Below Showing the Marginal

question 157

Multiple Choice

Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $20. If the consumer buys product X or product Y one unit at a time, which of the following will the consumer's first two purchases be?

• A)a first unit of X followed by a first unit of Y
• B)a first unit of X followed by a second unit of X
• C)a first unit of Y followed by a first unit of X
• D)a first unit of Y followed by a second unit of Y

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Definitions:

Hidden Observer

A term in hypnosis describing a part of the mind that remains aware and observant during hypnotic dissociation, capable of observing experiences that the conscious mind may not be aware of.

Painfully Cold Water

Painfully cold water refers to water at a temperature low enough to cause discomfort or pain upon contact with the skin, often used in experiments or therapy.

Tension Reduction

The process of relieving psychological or physical stress, typically through relaxation techniques or activities that decrease the body's stress response.

Punch Line

The final phrase or sentence of a joke or story that provides the humor or a surprise ending.