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.

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Definitions:

Job-relevant Skills

Abilities or expertise that are directly applicable and essential for performing specific tasks or duties within a job role.

Organisational Behaviour Modification

The systematic use of principles of behavior analysis to change and improve individuals' actions within an organizational setting.

Pleasant Consequence

A positive outcome or reward that follows a behavior, encouraging the repetition of that behavior.

Extinction

Discourages a behaviour by making the removal of a desirable consequence contingent on its occurrence.