A Consumer Has $50 to Spend

question 15

Multiple Choice

A consumer has $50 to spend.He has to decide between buying two goods: magazines priced at $5 each and DVDs priced at $10 each.Which of the following combinations of the two goods will entirely exhaust his budget constraint?

• A) 3 magazines and 4 DVDs
• B) 2 magazines and 4 DVDs
• C) 6 magazines and 1 DVD
• D) 2 magazines and 2 DVDs

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Definitions:

Followers

Individuals who support and are guided by another person, leader, or ideology.

Delegate

To entrust a task or responsibility to another person, usually one who is less senior in a particular organization or setting.

Insecurity

Feelings of uncertainty or anxiety about oneself; lack of confidence.

Self-Leadership

The process of influencing oneself to establish the self-direction and self-motivation needed to perform or achieve certain goals.