In Problem 1, If Charlie's Utility Function Were X⁶_AX_B, If

question 14

Multiple Choice

In Problem 1, if Charlie's utility function were X⁶_AX_B, if apples cost 90 cents each, and if bananas cost 10 cents each, Charlie's budget line would be tangent to one of his indifference curves whenever

• A) X_A = 6X_B.
• B) X_B = 6X_A.
• C) X_B = X_A.
• D) 6X_B = 9X_A.
• E) 90X_A + 10X_B = M.

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Definitions:

Possible Selves

The various identities one can see oneself embodying in the future, including hopes, fears, and realistic expectations.

Defensive Self-Esteem

A psychological condition where a person's self-esteem is fragile and thus they react defensively to criticism or failure.

Emotional Stability-Instability

A personality trait that involves the consistent ability or inability to remain stable and balanced in one’s emotions.

Extraversion-Introversion

A personality dimension that describes the extent to which an individual is outgoing and gains energy from social interaction (extraversion) or is reserved and gains energy from solitude (introversion).