Beginning at the Vertical Axis Intercept,as a Consumer Moves Down

question 116

Multiple Choice

Beginning at the vertical axis intercept,as a consumer moves down the budget line,she will find that

• A)the marginal utility per dollar spent on the vertical axis good decreases
• B)the marginal utility per dollar spent on the vertical axis good increases
• C)the marginal utility per dollar spent on the horizontal axis good increases
• D)the marginal utilities per dollar spent on both goods increase
• E)the marginal utilities per dollar spent on both goods remain constant along that particular budget line

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Ivan Pavlov

A Russian physiologist best known for his work in classical conditioning, demonstrating the learning process of associative reflexes.

Latent Learning

Latent Learning refers to the process where learning occurs without any obvious reinforcement and is not immediately demonstrated through behavior.

Unconditioned Response

A reflexive, organic response to a stimulus that takes place without prior training or conditioning.