Table 8.2 Table 8.2 Above Shows Keira's Utility from Soup and Sandwiches

question 121

Multiple Choice

Table 8.2

Table 8.2 above shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods.
-Refer to Table 8.2.Holding prices constant, when Keira's income changed from $18 to $23, her utility maximizing bundle changed.Based on your answers to her optimal choices at the two income levels, what type of goods are soup and sandwiches?

• A)Soup is an inferior good and sandwiches are a normal good.
• B)Soup is a normal good and sandwiches are an inferior good.
• C)Both soup and sandwiches are normal goods.
• D)Both soup and sandwiches are inferior goods.

Identify violations of good faith in sales transactions.

Recognize conditions under which a buyer can inspect goods before payment and the exceptions.

Understand the basic obligations of a buyer under a sales contract according to the UCC.

Learn about the significance of trade customs and practices in interpreting sales contracts.

---

Definitions:

Glans Penis

The sensitive bulbous structure at the distal end of the penis, encompassing the urethral meatus.

Prepuce

The fold of skin covering the glans of the penis in males and the clitoral glans in females; also known as foreskin.

Pelvic Cavity

The body cavity located in the lower abdomen, bordered by the pelvic bones, and contains reproductive organs, the bladder, and the rectum.

Membranous Urethra

A section of the urethra that runs through the urogenital diaphragm, connecting the prostatic to the spongy urethra.