If Callum Is Consuming His Utility Maximizing Bundle and the Price

question 103

Multiple Choice

If Callum is consuming his utility maximizing bundle and the price of one good rises, what happens to the marginal utility per dollar spent on this good (MU/P) , and what should Callum do?

• A)MU/P has increased and Callum should buy more of this good.
• B)MU/P has increased and Callum should buy less of this good.
• C)MU/P has decreased and Callum should buy more of this good.
• D)MU/P has decreased and Callum should buy less of this good.

---

Definitions:

Visual/Spatial Discrimination

The ability to perceive and differentiate visual stimuli and spatial relationships among objects.

Comprehensive Achievement Battery

A thorough assessment tool designed to evaluate a wide range of academic skills and achievements.

Common Core

A set of educational standards in mathematics and English language arts/literacy (ELA) that outline what a student should know and be able to do at the end of each grade level.

Common Core Standards

A set of educational benchmarks designed to ensure students across the U.S. receive a consistent and high-quality education.