Refer to the Figure Below A)1; 1
B)2; 1
C)4; 3
D)3; 2

question 133

Multiple Choice

Refer to the figure below. If the price of Good A is $2 and the price of Good B is $6, then the rational spending rule is satisfies when the consumer purchases ______ units of Good A and ______ units of Good B. $$\begin{array} { | c | c | c | } \hline \text { Units } & \begin{array} { c } \text { Marginal Utility } \\\text { of Good A }\end{array} & \begin{array} { c } \text { Marginal Utility } \\\text { of Good B }\end{array} \\\hline 1 & 30 & 40 \\\hline 2 & 27 & 33 \\\hline 3 & 15 & 24 \\\hline 4 & 8 & 14 \\\hline\end{array}$$

• A)1; 1
• B)2; 1
• C)4; 3
• D)3; 2

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Definitions:

Narrow Training

A focused approach to skill development in which individuals are taught specific skills for a limited set of tasks, without broader context or applications.

Hierarchy Of Authority

refers to the ranked structure within an organization where each level is subordinate to the one above it.

Centralization

The process or organizational structure where decision-making authority is concentrated at the top levels of management.

Discretion

The power or right to make decisions based on one's own judgment rather than following a strict set of rules.