The Price of Good "A" Is $5 and the Price

question 166

Multiple Choice

The price of good "a" is $5 and the price of good "b" is $15. If the marginal utility of good "a" is 20 then the marginal utility of good "b" must be ________ to have an optimum combination of goods purchased.

• A) 4
• B) 20
• C) 60
• D) 80

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Definitions:

Task Leadership

The ability to guide, organize, and accomplish specific goals or tasks within a group or organization.

360-Degree Feedback

A system or process in which employees receive confidential, anonymous feedback from the people who work around them.

Homeostasis

The self-regulating process by which biological systems maintain stability while adjusting to conditions that are optimal for survival.

Flow Experience

A psychological state of deep immersion and involvement in an activity, where time seems to pass unnoticed, and one's skills are used to their fullest.