Let There Be Two Goods, X and Y

question 59

Multiple Choice

Let there be two goods, X and Y.For individual A, the marginal utility of X is 2 while the marginal utility of Y is 1.If the prices of X and Y were both equal to $10, then individual A could improve his welfare even without an infusion of extra income by consuming:

• A)more X even at the expense of consuming less Y.
• B)more Y even at the expense of consuming less X.
• C)more X only if consumption of Y could be maintained at the original level.
• D)less X, but only if consumption of Y could be maintained at the original level.
• E)none of the above.

Identify and understand key assumptions underlying survival analysis techniques.

Recognize and explain the effects of violating assumptions in survival analysis.

Calculate the effective number exposed to the risk of dying in survival analysis.

Distinguish between survival and mortality rates in a given population.