The Accompanying Table Describes Ben's Preferences Over Cake and Ice

question 3

Multiple Choice

The accompanying table describes Ben's preferences over cake and ice cream.The utility from consumption of one good is independent of the consumption of the other.The price of cake is $10 per unit,and the price of ice cream is $4 per unit.
If Ben has $50 to spend,the optimal combination of these goods is:

• A) 4 units of cake and 1 unit of ice cream.
• B) 3 units of cake and 5 units of ice cream.
• C) 3 units of cake and 1 unit of ice cream.
• D) 5 units of cake.
• E) none of the above.

Understand the key concepts and theories related to nature versus nurture in human development.

Understand the concept of teratogens and their impact on prenatal development.

Identify factors leading to peer exclusion in childhood.

Recognize the role of critical periods in embryonic development.

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Definitions:

UCC

A complete legislative framework, the Uniform Commercial Code, oversees all commercial dealings within the United States.

Negotiate

The process of discussing terms to reach a mutual agreement in transactions, contracts, or disputes.

Implied Warranty

A legal assumption that the goods sold meet certain quality standards, including that they are fit for the standard purposes for which such goods are sold.

Express Warranty

A clearly stated promise or guarantee regarding the condition or performance of a product or service.