If a Consumer Allocates Her Income Between Two Goods,x and Y,then

question 85

Multiple Choice

If a consumer allocates her income between two goods,x and y,then she will be in equilibrium when

• A)MUx/Px = MUy/Py and she is below her budget constraint
• B)MUx = MUy and she has spent all of her income
• C)MUx/MUy > Px/Py and all of her income is spent
• D)MUx/Px = MUy/Py and all of her income is spent
• E)MUx = MUy and she is below her budget constraint

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Definitions:

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The concept that the values, beliefs, and practices of a culture should be understood based on that culture's own context rather than judged against the criteria of another.

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Standardized assessments designed to measure human intelligence and cognitive abilities.

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Awareness of and control of one’s cognitive abilities.

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