Figure 21-18 -Refer to Figure 21-18.Assume That the Consumer Depicted in the Consumer

question 322

Multiple Choice

Figure 21-18

-Refer to Figure 21-18.Assume that the consumer depicted in the figure has an income of $50.The price of Skittles is $5 and the price of M&M's is $5.This consumer will choose a consumption bundle where the marginal rate of substitution is

• A) 10.
• B) 5.
• C) 1.
• D) 1/5.

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Definitions:

Salivates

The process of producing saliva, a digestive fluid, in response to the presence of food or the anticipation of eating.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response in a subject.

Operant Stimulus

A stimulus that follows a behavior and increases the likelihood that the behavior will be repeated.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any need for learning.