Assume That a Consumer Purchases a Combination of Products

question 219

Multiple Choice

Assume that a consumer purchases a combination of products. Product A is an old and reliable product. Product B is a new and appealing product. The MUₐ /Pₐ = 15 and MUᵦ /Pᵦ = 10. To maximize utility without spending more money, the consumer should

• A)purchase less of B and more of A.
• B)purchase more of A and less of B.
• C)purchase more of both A and B.
• D)make no change in A and B.

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Definitions:

Masculinized

To imbue or influence with masculine characteristics or properties.

Outgroup

“Them”—those perceived as different or apart from our ingroup.

Ingroup Bias

The tendency to favor members of one's own group over those in other groups.

Implicit Racial Associations

Unconscious biases and attitudes towards different races that individuals may not be aware of.