Which of the Following Is NOT True About the Trayvon

question 19

Multiple Choice

Which of the following is NOT true about the Trayvon Martin case?

• A) His father lived in a gated community.
• B) He was 17 years old.
• C) He was carrying a gun.
• D) He had just bought iced tea and a bag of Skittles.

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Definitions:

Equal Marginal Principle

Principle that utility is maximized when the consumer has equalized the marginal utility per dollar of expenditure across all goods.

Hicksian Substitution Effect

Alternative to the Slutsky equation for decomposing price changes without recourse to indifference curves.

Indifference Curves

A graph showing different bundles of goods between which a consumer is indifferent.

Lagrangian

Function to be maximized or minimized, plus a variable (the Lagrange multiplier) multiplied by the constraint.