Figure 21-7 -Refer to Figure 21-7.Which of the Following Statements Is Not

question 321

Multiple Choice

Figure 21-7
-Refer to Figure 21-7.Which of the following statements is not true for a consumer who moves from bundle B to bundle C?

• A) At bundle C the consumer would be willing to give up a larger amount of cake in exchange for a donut than at bundle B.
• B) The marginal rate of substitution at bundles B and C are the same since the points lie on the same indifference curve.
• C) The consumer is willing to sacrifice donuts to obtain cake.
• D) The consumer receives the same level of satisfaction at bundles B and C.

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Definitions:

Self-Fulfilling Prophecy

Social expectations that cause an individual to act in such a way that the expectations are realized.

Late Bloomers

Individuals who develop skills, abilities, or reach milestones at a later stage compared to their peers.

Academic Performance

A measure of how well a student is accomplishing their educational goals, typically through grades or other assessments.

Fundamental Attribution Error

Observers’ overestimation of the importance of internal traits and underestimation of the importance of external situations when they seek explanations of another person’s behavior.