Suppose a Consumer Buys Only Food and Clothing

question 18

Multiple Choice

Suppose a consumer buys only food and clothing.If the quantity of food bought decreases while that of clothing remains the same,their marginal utility from food will:

• A) fall relative to the marginal utility of clothing.
• B) rise relative to the marginal utility of clothing.
• C) rise, but not as fast as their marginal utility of clothing rises.
• D) fall, but not as fast as their marginal utility of clothing falls.

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Definitions:

Idealized Influence

A leadership approach where leaders earn respect and admiration, inspiring followers through their vision and personal behavior.

Transformational Leadership

A style of leadership that inspires and stimulates followers to exceed their own interests for a collective purpose.

Intellectual Stimulation

The aspect of leadership that involves encouraging followers to be innovative and creative, challenging their own beliefs and valuing those which are rational.

Social Exchange Relationship-based

A perspective viewing relationships in terms of the exchange of resources, benefits, and supports, where the balance of give-and-take is considered crucial for relationship stability.